Property profile

2410-2470 Norwood Blvd Park Forest, IL 60466

OFF-MARKET
Land
12 ac lot
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Property summary

AI-generated overview

This exceptional 12-acre commercial land parcel presents a compelling redevelopment opportunity in Park Forest, Illinois. Located at 2410-2470 Western Avenue & 820 Norwood Blvd (APN: 31-25-202-015-0000;31-25-202-016-0000;31-25-202-030-0000;31-25-202-033-0000;31-25-202-034-0000;31-25-202-035-0000;31-25-202-037-0000;31-25-202-039-0000), this property boasts a level topography and C-3 zoning, offering significant flexibility for various commercial ventures. The site benefits from its strategic location on Western Avenue, providing direct access to the proposed South Suburban Airport at Bult Field, enhancing its long-term investment potential. Nearby businesses include an insurance office, funeral home, gas station, and other retail establishments, indicating a vibrant and established commercial area. The property's proximity to the Business and Industry Park and the Central Business District/Downtown Park Forest further strengthens its appeal. All necessary utilities are readily available on-site, simplifying the development process. Convenient access to major regional connectors ensures seamless transportation links. Canadian National Railroad indicates the possibility of a rail spur, adding another layer of logistical advantage. Situated in a stable, middle-income neighborhood, this property offers a unique blend of accessibility, infrastructure, and growth potential. This is a truly exceptional opportunity for developers seeking a prime location for their next project.

Property profile

Verified
Property type Land
Lot 12 ac (522,720 SF)

Cap rate & NOI

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

Location

2410-2470 Norwood Blvd Park Forest, IL 60466
Park Forest metro
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Value estimations

Realmo proprietary · 4 methods
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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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