Property summary
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.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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