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    4.89 By Itself Hoffman Estates, IL 60169

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    For Sale
    Contact for pricing

    4.89 Acres, Cook County, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.89-acre commercial land parcel presents a unique investment opportunity in the thriving Hoffman Estates, Illinois market. Located in Cook County, this expansive site boasts a desirable location with convenient access to major transportation arteries, making it ideal for a wide range of commercial developments. The property's generous size offers significant flexibility for ambitious projects, allowing for substantial building footprints and ample parking or landscaping. Its zoning classification (not specified in provided data) will dictate the permissible uses, which should be verified independently. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations, utility access, and environmental considerations. The property's address is listed as 4.89 by itself, Hoffman Estates, IL 60169, with GPS coordinates of 42.0577989 latitude and -88.1144943 longitude. This location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-profile presence. The sheer size of this land parcel makes it a rare find in this competitive market, presenting a significant opportunity for developers and investors alike. Serious inquiries are welcome. Further details regarding potential development plans and cost estimates are available upon request. This property is being offered for sale.

    Property Features for 0 4.89 By Itself

    General Information

    Property type
    Land
    Lot Size
    213,008 SF

    HighLights

    • 4.89‑acre commercial land parcel in Hoffman Estates, IL.
    • Located in Cook County, IL, zip code 60169.
    • Property is designated as commercial land.
    • The site encompasses 4.89 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.1144943
    Latitude
    42.0577989

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    FAQs

    What type of property is this?
    Land - 4.89 Acres, Cook County, IL
    Where is this land located?
    The property is located at 4.89 By Itself Hoffman Estates, IL.
    What are key features of this property?
    This property features: 4.89-acre commercial land parcel in Hoffman Estates, IL.; Located in Cook County, IL, zip code 60169.; Property is designated as commercial land.
    (847) 698-8269
    Request Owner's contact information
    4.89 By Itself Hoffman Estates, IL 60169
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4.89 By Itself Hoffman Estates, IL 60169
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