135th St & Archer Ave Lemont, IL 60439
- Land
- 16.70 lot acres
Current Use by Public Records
- Land
Property Details for 135th St & Archer Ave
- Lot size
- 16.70 lot acres
- Property type
- Land
Description
This exceptional 16.7-acre parcel of land, located at the intersection of 135th Street and Archer Avenue in Lemont, Illinois (zip code 60439), presents a unique investment opportunity. The property boasts a combination of R-1 and C-1 zoning, offering flexibility for a variety of development projects. The R-1 zoning allows for single-family residential development, envisioned in the Comprehensive Plan as 1.5-acre estate lots. The C-1 zoning along Archer Avenue is ideal for commercial ventures, such as a brewery or restaurant, capitalizing on the high traffic volume of approximately 15,249 vehicles per day along Archer Avenue. The property is situated in an affluent neighborhood, ensuring a desirable location for both residential and commercial developments. The 2023 real estate taxes, payable in 2024, are $16,520. The asking price for this significant land holding is $1,636,767. This property offers substantial potential for developers seeking to create a thriving community with a mix of residential and commercial uses. Its strategic location and zoning flexibility make it an attractive investment in a desirable area of Cook County, Illinois.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lemont
- County
- Cook
- State
- Illinois
- Longitude
- -88.0041
- Latitude
- 41.6408
