147th St & Ravinia Ave Palos Park, IL 60464

Property Details for 147th St & Ravinia Ave

Lot size

2.33 lot acres

Property type

Land

Description

This exceptional 2.33-acre commercial land parcel presents a unique investment opportunity in the thriving Village Center District (VCD) of Palos Park, Illinois. Located at the intersection of 147th Street and Ravinia Avenue, this property boasts convenient access to essential amenities and boasts significant development potential. The site is fully improved with utilities already in place, eliminating costly infrastructure hurdles. An existing common shared detention system further streamlines the development process. The property's strategic location adjacent to the Village Hall provides high visibility and accessibility. The seller is open to exploring various development scenarios, including build-to-suit options tailored to a buyer's specific needs, or a ground lease arrangement. Given the VCD zoning, a wide range of uses are permitted, making this an ideal location for medical facilities, office spaces, daycare centers, multi-family residential developments, or senior housing projects. This prime location in Cook County, Illinois, offers a compelling combination of convenience, infrastructure, and zoning flexibility, making it an attractive proposition for discerning investors and developers seeking a high-impact project in a desirable community. The zip code is 60464. This is a rare opportunity to acquire a significant land parcel in a prime location with a multitude of development possibilities.

Location Insight

City

Palos Park

County

Cook

State

Illinois

Longitude

-87.8844

Latitude

41.6715