Property profile

2330 Western Ave Park Forest, IL 60466

OFF-MARKET
Mixed-use properties
Property ID
US28-5079030
26,600 SF 2 ac lot
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Property summary

AI-generated overview

This exceptional 2-acre mixed-use property, located at 2330 S Western Ave and 350 Victory Drive, Park Forest, IL 60466 (APN 31-25-209-022-0000), presents a unique development opportunity. Boasting a total area of 26,600 square feet and priced at $26,600 ($1 per square foot), this site is zoned C2, offering considerable flexibility for various commercial ventures. Strategically situated on Western Avenue, it provides direct access to the planned South Suburban Airport at Bult Field, ensuring excellent future connectivity. The property's location on the southeastern edge of the Business and Industry Park offers convenient access to regional connectors and within Park Forest itself. While vacant, the land is slightly sloping and features remnants of a demolished retail building and parking lot. Importantly, a "No Further Remediation" letter is available, simplifying the development process. All necessary utilities are readily available on-site. This is an ideal opportunity for developers seeking a well-located, readily developable parcel with significant long-term potential.

Property profile

Verified
Property type Mixed-use properties
Total area 26,600 SF
Lot 2 ac (87,120 SF)
UPID US28-5079030

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2330 Western Ave Park Forest, IL 60466
Park Forest metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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