Property profile

3615 Glenwood Dyer Rd Chicago Heights, IL 60411

OFF-MARKET
Land
2.43 ac lot
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Property summary

AI-generated overview

This exceptional 2.43-acre vacant land parcel presents a remarkable investment opportunity in Lynwood, Illinois. Located on the north side of a prime stop-and-go light corner at the intersection of Route 30 (Lincoln Highway) and Route 83 (Glenwood Dyer Road), this property boasts impressive visibility and high traffic counts exceeding 30,000 vehicles daily. The village actively encourages new development, making this site ideal for a variety of commercial uses. Considerable frontage on both major roadways ensures maximum exposure for your business. City water is readily available on-site, and city sewer is anticipated by Winter 2024. A Class 8 tax incentive is also available, further enhancing the financial appeal. The property's strategic location offers easy access to downtown Chicago, approximately 35 minutes away. This site is perfectly suited for retail, fast food, hardware stores, car washes, self-storage facilities, professional offices, or contractor sales and service centers. While this listing focuses on the 2.43-acre parcel priced at $315,000, additional adjacent parcels are available, ranging up to a total of 8+ acres at a discounted price. This presents a unique chance to acquire a significant land holding in a thriving area with strong growth potential.

Property profile

Verified
Property type Land
Lot 2.43 ac (105,851 SF)

Cap rate & NOI

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

Location

3615 Glenwood Dyer Rd Chicago Heights, IL 60411
Chicago Heights metro
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Value estimations

Realmo proprietary · 4 methods
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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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