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    Property profile & analytics

    159Th St Homer Glen, IL 60491

    • Land
    • 1.47 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 159Th St

    Lot size
    1.47 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Homer Glen
    County
    Will
    State
    Illinois
    Longitude
    -87.9146
    Latitude
    41.6003

    Comparable in this City

    • Value Estimation by Request
      14.24 Acres

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      25.00 Acres

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      5.00 Acres

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      Land • 5.00 Acres
      0 159Th St, Homer Glen, IL 60491
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      40.00 Acres

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      100.00 Acres

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      Land • 100.00 Acres
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    • Value Estimation by Request
      1.02 Acres

      IL 60441 Lemont Rd Homer Gln

      Land • 1.02 Acres
      IL 60441 Lemont Rd Homer Gln, Lockport, IL 60491
      View Details

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    159Th St
    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
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