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    11201 Archer Ave Lemont, IL 60439
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    11201 Archer Ave Lemont, IL 60439

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    • Commercial land
    For Sale
    $750,000
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    Lemont Commercial Corner Lot For Sale
    $750,000
    2.20 Acres

    Lemont Commercial Corner Lot

    2.2 acre commercial corner lot in Lemont, Illinois.

    11201 Archer Avenue, Lemont, IL 60439
    View Listing
    Property ID
    US28-1962776
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 11201 Archer Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    ANNEXED INTO THE VILLAGE OF LEMONT THIS 2.2 ACRE VACANT PARCEL MIGHT JUST BE THE BEST COMMERCIAL CORNER IN TOWN. ZONED B-3 LOCATED AT THE SOUTHWEST CORNER OF ARCHER AVE. AND BELL ROAD. ACCORDING TO IDOT THIS HIGH TRAFFIC (LIGHTED INTERSECTION) SITE HAS UPWARDS OF 23,000 VEHICLES PASSING BY PER DAY.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.934455
    Latitude
    41.683651

    Comparable in this City

    • Contact for pricing

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      1.56-acre property with 2,000 SF building, ideal for logistics.
      11343 Joliet Rd, Lemont, IL 60439
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      16 SF

      Land with Frontage on Archer

      Commercial land with frontage on Archer Ave and 135th St.
      13764 Archer Ave, Lemont, IL 60439
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    • $499,000
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      Lemont Land with Development Potential

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      Centennial Plaza Ground Lease Opportunity

      Ground lease opportunity in Lemont's prime retail corridor.
      1264 State St, Lemont, IL 60439
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      Lemont Land For Sale

      Land available with high traffic counts and easy highway access.
      11353 Joliet Rd, Lemont, IL 60439
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    • $359,000

      Commercial Land Development Opportunity

      Commercial land for development with utilities and high traffic.
      1297 Mccarthy Rd, Lemont, IL 60439
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    Similar Nearby for Sale

    • $1,000,000

      Vacant Land in Lemont, Illinois

      2.3-acre vacant land site zoned for commercial retail uses.
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      0.38 Acres

      Downtown Lemont Vacant Land Parcel

      Rare vacant land parcel in downtown Lemont, ideal for development.
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      1.56 Acre Site with Building

      1.56-acre property with 2,000 SF building, ideal for logistics.
      11343 Joliet Rd, Lemont, IL 60439
      View Details
    • $359,000

      Commercial Land Development Opportunity

      Commercial land for development with utilities and high traffic.
      1297 Mccarthy Rd, Lemont, IL 60439
      View Details
    • $249,900
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      Lemont Land Development Opportunity

      Unincorporated Lemont land parcel with development potential near 127th Street.
      1201 Leinster Dr, Lemont, IL 60439
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      Centennial Plaza Outlot Opportunity

      Outlot at 100% occupied, jewel-anchored Centennial Plaza.
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    Similar Nearby for Lease

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      Secured Lot for Rent

      Fenced and lit lot with heavy truck traffic design.
      231 New Ave, Lemont, IL 60439
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      1.56 Acre Site with Building

      1.56-acre property with 2,000 SF building, ideal for logistics.
      11343 Joliet Rd, Lemont, IL 60439
      View Details
    • Contact for pricing

      Retail Land Lease Opportunity

      Ground lease opportunity in prime retail corridor near Jewel-Osco.
      1210 State St, Lemont, IL 60439
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      Industrial Site in I-55 South

      New 326,630 SF warehouse in desirable I-55 South submarket.
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      Lemont Outdoor Storage and Distribution

      Multimodal connectivity for storage and distribution near major highways.
      13108 Grant Rd, Lemont, IL 60439
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    View Listing
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    11201 Archer Ave
    Lemont, IL 60439
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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