20900 Western Ave Olympia Fields, IL 60461
- Banks
- 0.41 lot acres
Current Use by Public Records
- ShagDesigns / Graphic Designer
Property Details for 20900 Western Ave
- Year built
- 1972
- Lot size
- 0.41 lot acres
- Property type
- Banks
- APN
- 31-24-207-022
- APU
- 3124207022
Description
This exceptional 1.86-acre parcel presents a prime redevelopment opportunity in Olympia Fields, Illinois. The property features a 5,560-square-foot vacant single-story building constructed in 1974, offering significant potential for various retail uses, including banks, quick-service restaurants (QSRs), and other retail establishments. The site boasts excellent visibility and access from Western Avenue, with two separate access points and a dedicated drive-thru lane, ideal for QSR conversions. The property benefits from high traffic counts exceeding 17,000 vehicles per day on Western Avenue, situated on Olympia Fields' main retail corridor. Its proximity to a Walmart Supercenter, consistently ranking in the top 73% nationally in terms of annual visits (approximately 2.9 million), provides a significant advantage. The 75-space parking lot further enhances the property's appeal. The property is zoned as a Special Use District and is offered fee simple. The asking price is $750,000, translating to $134.89 per square foot. Its location near the prestigious Olympia Fields Country Club, a renowned golf course hosting numerous major championships, adds to its desirability. This is a rare chance to acquire a substantial retail property with high visibility and strong traffic in a desirable location.
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
- Olympia Fields
- County
- Cook
- State
- Illinois
- Longitude
- -87.6749
- Latitude
- 41.5092
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
