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 commercial land parcel presents a unique investment opportunity in Lynwood, Illinois. Strategically 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 daily traffic counts exceeding 30,000 vehicles. The village of Lynwood actively encourages new development, making this site particularly attractive for a variety of commercial uses. City water is readily available on-site, and city sewer access is anticipated by Winter 2024. A Class 8 tax incentive is also available, further enhancing the financial appeal of this property. The location offers convenient access to downtown Chicago, approximately 35 minutes away. Ideal uses for this land include, but are not limited to, retail establishments, fast-food restaurants, hardware stores, medical health clinics, car washes, self-storage facilities, professional offices, contractor sales centers, and service locations. This property is being offered at $315,000. While this listing focuses on the 2.43-acre parcel, the seller is open to selling smaller adjacent parcels as well.

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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