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    OFF-MARKET
    Land

    87th Kedzie Ave, Chicago, IL 60652

    30 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 30 ac (1,306,800 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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