9000 Belmont Ave River Grove, IL 60131
- Land
- 0.75 lot acres
Current Use by Public Records
- Land
Property Details for 9000 Belmont Ave
- Lot size
- 0.75 lot acres
- Property type
- Land
Description
This exceptional 0.75-acre commercial land parcel presents a prime development opportunity in Franklin Park, Illinois. Located at 9000 W Belmont Ave, this property boasts a highly desirable C-3 General Commercial District zoning, allowing for a wide range of retail uses. The site benefits from an enviable location at the intersection of W Belmont Avenue and River Road, experiencing substantial daily traffic volumes of 28,600 vehicles on Belmont and 27,700 vehicles on River Road. This high visibility ensures maximum exposure for any development. The property is situated in Cook County, Illinois, with utilities readily available on-site, simplifying the development process. Surrounding the property are numerous established businesses, including Chase, Walgreens, Starbucks, Subway, McDonald's, and many other national and local retailers, creating a thriving commercial environment. The affluent demographics within a 3-mile radius, with a population exceeding 175,000 and an average household income over $70,000, further enhance the investment potential. The property's Parcel Identification Number (PIN) is 12-22-402-083-0000. The asking price for this exceptional opportunity is $1,000,000, or a ground lease is available at $125,000 per year. 2019 property taxes were $70,648. This site is ideal for a variety of retail uses and represents a significant opportunity for growth and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- River Grove
- County
- Cook
- State
- Illinois
- Longitude
- -87.8516
- Latitude
- 41.9372
