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    OFF-MARKET
    Land

    8853 87Th St, Hickory Hills, IL 60457

    0.84 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.84-acre commercial land parcel presents a unique development opportunity in the thriving Hickory Hills, Illinois market. Located at 8853 W 87th St, this C-3 zoned lot boasts 100 feet of frontage on busy 87th Street, offering unparalleled visibility and accessibility. The property is situated in a high-traffic area, directly adjacent to a CVS and near a Shell gas station, ensuring high foot and vehicle traffic. Its strategic location at the southwest corner of 87th Street and 88th Avenue, across from the Hickory Hills Police Department, provides further advantages. The flat topography simplifies development, and all necessary utilities are readily available. This prime location is surrounded by established commercial properties and residential neighborhoods, creating a strong foundation for a variety of commercial ventures, including retail or medical facilities. The asking price is $550,635, translating to $15 per square foot. Shared access with neighboring retailers is a key benefit, enhancing convenience and visibility. This is a rare opportunity to acquire a highly desirable development site in a growing business corridor with significant potential. The property's proximity to I-294 further enhances its appeal and accessibility. This is an ideal location for businesses seeking high visibility and convenient access to a substantial customer base.

    Property profile
    Verified
    Property type Land
    Lot 0.84 ac (36,590 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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