218 Blackhawk Dr Park Forest, IL 60466
This exceptional 2.84-acre commercial property at 218 Blackhawk Drive, Park Forest, IL 60466, presents a prime redevelopment opportunity. Located in the C-1 Neighborhood Commercial District, the site boasts 566 feet of frontage on Blackhawk Drive and 170 feet on Indianwood Boulevard, ensuring high visibility and accessibility. The property includes existing structures with varying square footage: one building at 4,102 square feet, another at 7,650 square feet, and a third at 3,600 square feet, totaling a potential buildable area between 3,600 and 7,650 square feet. The level topography simplifies development, and existing paved parking is already in place. While the property shows deferred maintenance, the existing footings from a former Jewel grocery store remain. Previous uses have included a pharmacy, pizza restaurant, screen printer, daycare, and music conservatory, demonstrating the site's versatility. This location offers significant potential for various redevelopment scenarios, including multi-family residential, commercial, multiple-use, or mixed-use projects. The Cook County APN is 31-36-313-019-0000. This is a rare chance to acquire a substantial commercial parcel in a desirable location with significant upside potential.
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.