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Property profile

0 159Th St Homer Glen, IL 60491

OFF-MARKET
Land
1.47 ac lot
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Property summary

AI-generated overview

This exceptional 1.47-acre commercial lot presents a remarkable development opportunity in the highly desirable Homer Glen, Illinois area. Located at the corner of Twin Lakes Drive and 159th Street, this property boasts excellent visibility and accessibility. The permitted zoning is C-2, allowing for a variety of commercial uses, including restaurant, retail, or mixed-use development. The lot's strategic position offers significant advantages, with a Mobil gas station directly across Twin Lakes Drive to the east and an Ace Hardware store situated across 159th Street to the south, ensuring high traffic flow and potential synergy with established businesses. The property's location within Will County also benefits from lower taxes, making it an even more attractive investment. The parcel's size (APN: 16-05-13-404-005) offers flexibility, with the possibility of subdividing the land into two separate lots, further enhancing its development potential. This prime location and versatile zoning make this a truly exceptional opportunity for investors and developers seeking a high-impact commercial project in a thriving community. The property is situated in Homer Glen, IL, zip code 60491.

Property profile

Verified
Property type Land
Lot 1.47 ac (64,033 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

159Th St Homer Glen, IL 60491
Homer Glen metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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