Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19758 Stony Is Ave Lynwood, IL 60411

    • Land
    • 4.00 lot acres
    For Sale
    View listing
    $295,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 19758 Stony Is Ave

    Lot size
    4.00 lot acres
    Property type
    Land

    Description

    This exceptional 3.9-acre commercial corner lot in Lynwood, Illinois, presents a remarkable development opportunity. Located at 19758 Stony Island Ave, 60411, this property boasts unparalleled visibility and accessibility, situated just off the expressway and directly across from the Southland Sports Complex and Dream Palace Banquet Hall. The site is zoned B-3 Regional Business District and offers city water and sewer connections already in place. Its strategic location captures significant daily traffic flow to and from Northwest Indiana, making it an ideal investment for a variety of commercial ventures. Consider this location for a drive-thru restaurant, a bank, a drug store, a strip mall, a grocery store, a daycare center, medical offices, a car dealership, or a funeral home. The property's size allows for the development of multiple buildings or a large-scale single development. This is a rare chance to capitalize on a prime location in a pro-growth community just 30 minutes from downtown Chicago. The possibilities are truly endless for this high-traffic, highly visible commercial land parcel. The asking price is $295,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.5772
    Latitude
    41.5344

    Comparable in this City

    • Value Estimation by Request
      12.23 Acres

      2001 Lincoln Hwy

      Land • 12.23 Acres
      2001 Lincoln Hwy, Ford Heights, IL 60411
      View Details
    • Value Estimation by Request
      5.75 Acres

      Woodlawn Ave

      Land • 5.75 Acres
      0 Woodlawn Ave, Chicago Heights, IL 60411
      View Details
    • Value Estimation by Request
      5.75 Acres

      1465 Glenwood Lansing Rd

      Farms • 15,569 SF
      1465 Glenwood Lansing Rd, Lynwood, IL 60411
      View Details
    • Value Estimation by Request
      2.43 Acres

      3615 Glenwood Dyer Rd

      Land • 2.43 Acres
      3615 Glenwood Dyer Rd, Chicago Heights, IL 60411
      View Details
    • Value Estimation by Request
      3.03 Acres

      3310 Lincoln Hwy

      Land • 3.03 Acres
      3310 Lincoln Hwy, Lynwood, IL 60411
      View Details
    • Value Estimation by Request
      46.81 Acres

      1754 Joe Orr Rd

      Distribution properties • 12,300 SF
      1754 Joe Orr Rd, Lynwood, IL 60411
      View Details

    Similar Nearby for Sale

    • $295,000
      4.00 Acres

      Lynwood Corner: 3.9 Acres

      Prime Retail Land, High Traffic
      19758 Stony Is Ave, Lynwood, IL 60411
      View Details
    • Contact for pricing
      0.81 Acres

      Chicago Heights Commercial Land

      Prime IL location, high traffic counts.
      1301 Hilltop Ave, Chicago Heights, IL 60411
      View Details
    • $4,200,000
      35.00 Acres

      Lynwood Industrial Land - 35 Acres

      Prime Industrial Land, Excellent Location
      1750 Joe Orr Rd, Lynwood, IL 60411
      View Details
    • Contact for pricing
      48.19 Acres

      Sauk Village Industrial Land for Sale

      ±48 Acres, I-80 Access, Build-to-Suit
      0 Mark Collins Dr, Sauk Village, IL 60411
      View Details
    • $3,300,000

      Lynwood Land Opportunity

      Land available in Lynwood, Illinois.
      2504 Glenwood Dyer Rd, Lynwood, IL 60411
      View Details
    • $231,481
      2,516 SF

      Chicago Heights Executive Offices

      Three-unit office building, 2,516 sq ft.
      1488 Aberdeen St, Chicago Heights, IL 60411
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      12,000 SF

      Chicago Heights Industrial Property

      12,000 SF Warehouse, 7.7 Acres
      720 Joe Orr Rd, Chicago Heights, IL 60411
      View Details
    • Contact for pricing

      Land Adjacent to Starbucks Development

      Commercial land available for ground lease or build to suit.
      571 W 14Th St, Chicago Heights, IL 60411
      View Details
    • Contact for pricing
      283,140 SF

      Versatile Commercial Building in Chicago Heights

      53,621 SF commercial building on 4.92 acres, move-in ready.
      646 Chicago Rd, Chicago Heights, IL 60411
      View Details
    • Contact for pricing
      283,140 SF

      Versatile Commercial Building in Chicago Heights

      53,621 SF commercial building on 4.92 acres, ideal for various uses.
      646 Chicago Rd, Chicago Heights, IL 60411
      View Details
    • Contact for pricing
      137,715 SF

      Olympia Plaza Retail Space

      Chicago Heights, IL Strip Center
      79-207 Joe Orr Rd, Chicago Heights, IL 60411
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space on Torrence Avenue

      Retail space in a growing community with high traffic.
      19755-19771 Torrence Ave, Lynwood, IL 60411
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19758 Stony Is Ave
    Lynwood, IL 60411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.