Property profile

87th St. & Holland Rd Chicago, IL 60620

OFF-MARKET
Land
15 ac lot
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Property summary

AI-generated overview

This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Chicago's vibrant Chatham neighborhood. Strategically located off 87th Street, just west of the full interchange of Interstate 94 (Dan Ryan Expressway), this site offers unparalleled accessibility and visibility. Access to the property is provided via Holland Road, situated on the south side of the land, just north of 87th Street. The property boasts M1-2 zoning, opening doors to a wide range of development possibilities. A significant advantage is the potential for rail access, adding further logistical benefits for future projects. The site's position within Chatham's established retail corridor ensures high traffic volume and strong market presence. This expansive tract of land is ideal for developers seeking a prime location with excellent infrastructure and zoning flexibility to create a thriving commercial venture. The combination of convenient highway access, potential rail access, and its location in a bustling retail area makes this a truly exceptional opportunity for significant commercial development. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile

Verified
Property type Land
Lot 15 ac (653,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

87th St. & Holland Rd Chicago, IL 60620
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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