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Property profile & analytics

10619 Ridgeland Ave Chicago Ridge, IL 60415-1834

  • Commercial real estate
  • 0.06 lot acres
OFF-MARKET
Last Sale
Sep 09, 2022
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-2189781
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 10619 Ridgeland Ave

Year built
1976
Lot size
0.06 lot acres
Property type
Commercial real estate
APN
24-17-118-011
APU
2417118011

Description

This exceptional redevelopment opportunity presents a 0.18-acre parcel ideally situated at 10619 Ridgeland Ave in Chicago Ridge, Illinois, zip code 60415. The property, categorized as commercial retail land, boasts a prime location on a busy thoroughfare, offering significant potential for various retail ventures. Built in 1937, the site presents a blank canvas for a new development, capitalizing on the high volume of traffic along Ridgeland Avenue. The asking price for this unique opportunity is $149,000. Its strategic location offers easy access to the Metra commuter rail line, enhancing its appeal to a wide range of potential customers and employees. The Cook County location provides access to a substantial consumer base and strong infrastructure. This 0.18-acre lot provides ample space for a variety of development plans, from small-scale retail shops to larger-scale commercial projects. Investors and developers will appreciate the potential for significant return on investment given the property's location and the high traffic volume. The property's existing structure, built in 1937, may offer potential for adaptive reuse or demolition to make way for a new construction. This is a rare chance to acquire a strategically located retail pad in a thriving area with excellent transportation links. Serious inquiries are encouraged to explore the full potential of this exciting redevelopment project.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Chicago Ridge
County
Cook
State
Illinois
Longitude
-87.7788
Latitude
41.6989
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,916
$4,428
$463
$4,891
-
$17,712
$1,852
$19,564
More about this property
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