3615 Glenwood Dyer Rd, Chicago Heights, IL 60411
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.