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    21000 Olympian Way Olympia Fields, IL 60461

    For Sale
    $1,000,000

    High-traffic retail pad, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.2-acre retail property, located at 21000 Olympian Way in Olympia Fields, Illinois (zip code 60461, Cook County), presents a compelling investment opportunity. Priced at $1,000,000 ($10.57/sq ft, $460,600/acre), this B-3 Commercial Service and Wholesale District zoned lot boasts a prime location at a four-way lighted intersection. Strategically situated between two thriving McDonald's restaurants, the property enjoys exceptional visibility and accessibility. Its frontage along Lincoln Highway (Route 30), between CVS and Speedway, ensures high traffic exposure. The site benefits from its proximity to the I-57 and US Hwy 30 interchange and I-57 exit ramps, resulting in daily traffic counts of 34,000 vehicles on US Highway 30 and 66,300 vehicles on I-57. The Village of Olympia Fields is open to exploring multifamily, self-storage, and retail development proposals. Owner financing and land banking options are available. The property's APN is 31-23-200-017, and annual property taxes are $45,755. This property is served by Matteson Elementary School District 162 and Rich Township School District 227. This is a rare opportunity to acquire a high-visibility retail pad in a thriving commercial area.

    Property Features for 21000 Olympian Way

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • $1,000,000 asking price for 1.2‑acre retail land parcel.
    • B‑3 Commercial Service and Wholesale District zoning.
    • Located at a four‑way lighted intersection, offering excellent visibility.
    • Situated between two McDonald's restaurants, near I‑57 and US Hwy 30 interchange.
    • Frontage on Lincoln Highway (Route 30), between CVS and Speedway.
    • High traffic counts: 34,000 vehicles/day on US Hwy 30 and 66,300 vehicles/day on I‑57.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia Fields
    County
    Cook
    State
    Illinois
    Longitude
    -87.701423
    Latitude
    41.507201

    Nearby Comparable

    • $750,000
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      Prime Retail Pad, Olympia Fields

      High-traffic location, owner financing available.
      21000 Olympian Way, Olympia Fields, IL 60461
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    • $500,000
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      Olympia Fields Retail Pad - $500K

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    • $1,100,000
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      Olympian Way Multifamily Investment

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      18,100 SF

      Lincoln Hwy Creative Office Space

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      Commercial Land at Signalized Intersection

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      Matteson Land: 5.75 Acres

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    Nearby Similar for Sale

    • $1,100,000
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      Olympian Way Multifamily Investment

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    • $750,000
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      Olympia Fields Retail Redevelopment

      1.86-acre vacant bank, redevelopment opportunity.
      20900 Western Ave, Olympia Fields, IL 60461
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      18,100 SF

      Lincoln Hwy Creative Office Space

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    FAQs

    What type of property is this?
    Land - High-traffic retail pad, excellent location.
    Where is this land located?
    The property is located at 21000 Olympian Way Olympia Fields, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price for 1.2-acre retail land parcel.; B-3 Commercial Service and Wholesale District zoning.; Located at a four-way lighted intersection, offering excellent visibility.
    Request Owner's contact information
    21000 Olympian Way Olympia Fields, IL 60461
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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
    21000 Olympian Way Olympia Fields, IL 60461
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