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    North St Park Forest, IL 60466

    • Land
    • 31,098 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 North St

    Lot size
    0.71 lot acres
    Property size
    31,098 SF
    Property type
    Land

    Description

    This exceptional commercial land offering presents a rare opportunity in Park Forest, Illinois. Comprising two contiguous parcels (APN: 31-25-208-011-0000, 31-25-208-012-000), this property boasts a combined acreage of between 0.71 and 0.75 acres, situated on North Street. The total square footage ranges from 31,098 to 32,850 square feet, providing ample space for various development projects. The land features a desirable level topography, simplifying construction and site preparation. Located within Cook County, the property is zoned M-Manufacturing District, making it perfectly suited for industrial or manufacturing uses. Its convenient Park Forest location, with a zip code of 60466, offers easy access to transportation routes and essential amenities. This vacant land presents a blank canvas for a wide range of commercial ventures, promising significant potential for investors and developers seeking a prime location in a thriving area. The property's size and zoning make it an attractive proposition for businesses seeking to establish a strong presence in the region. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Park Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.6876
    Latitude
    41.4988

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    North St
    Park Forest, IL 60466
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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