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    14549 159Th St Homer Glen, IL 60491

    Sponsored
    For Sale
    $2,600,000

    Prime Commercial Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial land parcel presents a unique development opportunity in the thriving Homer Glen, Illinois market. Located at 14549 W 159th St, this property offers approximately 4-4.99 acres of land, boasting high visibility and significant traffic counts, making it ideal for a variety of commercial ventures. Its elevated position provides a distinct advantage, ensuring excellent prominence. The site benefits from readily available utilities, including water, sewer, gas, and electric connections, simplifying the development process. Strategically situated minutes from I-355, this location ensures easy accessibility for customers and employees. The property's proximity to numerous residential subdivisions provides a substantial built-in customer base, creating a strong foundation for business success. This prime location offers unparalleled potential for commercial growth. Furthermore, there's a possibility of acquiring an additional 4+ acres of adjacent land, providing potential for expanded frontage and development options. The asking price for this exceptional property is $2,600,000. This is a rare opportunity to secure a highly desirable commercial site in a rapidly growing area. Don't miss out on this chance to establish your business in a prime location with excellent visibility and accessibility. The zip code is 60491, and the property is located in Will County.

    Property Features for 14549 159Th St

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • $2,600,000 asking price.
    • 4‑4.99 acre commercial land parcel.
    • High‑visibility Homer Glen, IL location with excellent traffic counts.
    • Utilities available (water, sewer, gas, electric).
    • Minutes from I‑355, providing easy access.
    • Surrounded by residential subdivisions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Homer Glen
    County
    Will
    State
    Illinois
    Longitude
    -87.972855
    Latitude
    41.5983544

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility
    Where is this land located?
    The property is located at 14549 159Th St Homer Glen, IL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price.; 4-4.99 acre commercial land parcel.; High-visibility Homer Glen, IL location with excellent traffic counts.
    (708) 301-4700
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    14549 159Th St Homer Glen, IL 60491
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    Homer Glen, IL 60491
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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
    14549 159Th St Homer Glen, IL 60491
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