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    323 Oak Ridge Ave Hillside, IL 60162

    Sponsored
    For Sale
    $995,000

    Prime Hillside location, 16,696 sq ft commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,696 square foot commercial land parcel is ideally situated at 323 Oak Ridge Ave in Hillside, Illinois, zip code 60162. Zoned R-4, this property presents a unique investment opportunity in a thriving suburban community. The lot offers significant potential for development, given its size and prime location. Hillside boasts a blend of convenience and suburban charm, with easy access to major transportation routes and amenities. The property's proximity to the Oakbrook Center shopping mall and downtown Chicago provides unparalleled accessibility for businesses and employees. Local attractions include the serene Hillside Commons and the vibrant Hillside Town Center, offering a variety of dining and retail options. Built in 1963, this lot is ready for redevelopment or new construction, catering to the needs of office building investors seeking a well-connected and inviting suburban setting. The strategic location and surrounding amenities make this a highly desirable property for those seeking a strong return on investment in a rapidly growing area. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land opportunity.

    Property Features for 323 Oak Ridge Ave

    General Information

    Property type
    Land

    HighLights

    • 1963 Construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oakridge Healthcare Center Nursing Home Aperion Care Hillside Nursing Home Samir Bhalla Geriatrician Muhammad Haque Physiatrist Muhammad Shamimul Haque Sports Medicine Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillside
    County
    Cook
    State
    Illinois
    Longitude
    -87.8879136
    Latitude
    41.8648367

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Prime Hillside location, 16,696 sq ft commercial lot.
    Where is this land located?
    The property is located at 323 Oak Ridge Ave Hillside, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 1963 Construction.; ;
    (773) 412-3899
    Request Owner's contact information
    323 Oak Ridge Ave Hillside, IL 60162
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    Hillside, IL 60162
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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
    323 Oak Ridge Ave Hillside, IL 60162
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