87th Kedzie Ave, Chicago, IL 60652
This exceptional 30-acre commercial land parcel presents a unique investment opportunity in the thriving Chicago metropolitan area. Situated at the northeast corner of 87th Street and Kedzie Avenue, bordering Evergreen Park, this property boasts a highly visible hard corner location with a lighted intersection, ensuring maximum exposure for any development. The site's strategic position benefits from exceptional access and visibility, with significant daily traffic volumes. Specifically, 25,985 vehicles pass daily along 87th Street, and 20,421 vehicles along Kedzie Avenue, providing substantial potential for attracting customers and maximizing business opportunities. This former Luther High School site offers a blank canvas for a wide range of commercial developments. The property is available for outright purchase, or alternatively, ground lease or build-to-suite options are also available, providing flexibility for potential investors and developers. The Cook County location, with a zip code of 60652, offers easy access to major transportation routes and amenities, further enhancing its appeal. This is a rare opportunity to acquire a large, strategically located commercial land parcel in a dynamic and growing market. Don't miss this chance to capitalize on the significant potential of this prime development site.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.