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Property profile & analytics
OFF-MARKET
Commercial real estate

218 Blackhawk Dr Park Forest, IL 60466

3,600 SF 2.84 ac lot
Property ID
US28-0713691
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 3,600 SF
Lot 2.84 ac (123,710 SF)
APN 31-36-313-019-0000
UPID US28-0713691
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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