151st Oak Frst Oak Forest, IL 60452
This exceptional 2-acre commercial land parcel presents a prime development opportunity in Oak Forest, Illinois. Strategically located at the intersection of 151st Street and IL-50 (Cicero Avenue), this property boasts a highly desirable C-3 Central Business District zoning classification, opening doors to a wide range of commercial ventures. The site's convenient access to major transportation arteries is a significant advantage. Rt 50 and Rt 6 provide easy connections to I-57, ensuring seamless regional accessibility. Furthermore, the property's proximity to the Oak Forest Metra Station offers commuters daily service to Chicago, enhancing its appeal. High traffic counts further underscore the site's potential: 31,800 vehicles daily on Cicero Avenue and 2,250 vehicles daily on 151st Street. The property consists of two parcels, identified by PIN numbers 28-10-308-011 and 28-10-308-012, located in Cook County, Illinois, zip code 60452. The asking price for this exceptional development opportunity is $595,000. Property taxes are to be determined. Contact us today to explore the possibilities.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.