1301 Hilltop Ave Chicago Heights, IL 60411
- Theaters & concert halls
- 1.27 lot acres
Current Use by Public Records
- Marcus Chicago Heights Cinema / Movie Theater
Property Details for 1301 Hilltop Ave
- Year built
- 1993
- Lot size
- 1.27 lot acres
- Property type
- Theaters & concert halls
- APN
- 32-19-102-029
- APU
- 3219102029
Description
This exceptional commercial land opportunity in Chicago Heights, Illinois, presents a unique investment prospect. Located at 1301 Hilltop Avenue, this property boasts a sizable lot ranging from 0.81 to 1.22 acres, providing ample space for various commercial developments. The site benefits from an advantageous position along Lincoln Highway, a major thoroughfare experiencing high traffic volume exceeding 26,900 vehicles daily, ensuring significant visibility and accessibility for any business. Its proximity to the 211th Street Metra station enhances its appeal, providing convenient public transportation access for employees and customers. The area is already home to a thriving retail environment, with established businesses such as Walmart, ALDI, Food 4 Less, Dollar Tree, AutoZone Auto Parts, and Olympia Corners nearby, creating a strong commercial ecosystem. This strategic location, combined with the substantial lot size, makes this property ideal for a variety of commercial ventures, offering significant potential for growth and return on investment. The property is situated in Cook County, Illinois, and has a zip code of 60411. The geographic coordinates are 41.5082681 latitude and -87.6683141 longitude. This land parcel is currently for sale.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $390,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $330,000
- Mixed-Use
- $400,000
- Hospitality
- $390,000
- Educational
- $360,000
- Residential Income
- $425,000
- Energy
- $325,000
- Income-Based Land
- $440,000
- Food Service
- $445,000
Location Insight
- Map
- Local Demand
- City
- Chicago Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.6685
- Latitude
- 41.5083
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA