24306 S Governors Hwy, Monee, IL 60449
For Sale
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This exceptional 8.73-acre commercial land parcel in Monee, Illinois, presents a unique investment opportunity. Located at 24306 S Governors Hwy, this triangular lot boasts excellent visibility and accessibility, situated at the intersection of Cicero Ave (Hwy 50) and Governors Hwy, providing ingress and egress to both major roadways. The land has been meticulously prepared, featuring leveled terrain, removal of all trees and stumps, and a complete paving of one foot of asphalt grindings. Three large shipping containers are included in the sale. New perimeter fencing enhances security. Currently zoned commercial, this property is ideally suited for a variety of uses, including strip malls, other commercial ventures, or trucking-related businesses. Discussions with the Village of University Park indicate openness to annexation and potential zoning changes to Industrial, mirroring nearby developments. The property's strategic location offers proximity to I-57 (via Stuenkel Rd. exit), major corporate neighbors (Amazon, DSC Logistics, Lineage Logistics, and more), Governors State University, and the towns of Richton Park and Matteson. Its proximity to Peotone (potential site of Chicago's third airport) and its 35-mile distance from downtown Chicago further enhance its appeal. The asking price is $1,299,000, with a land value of $4.85 per square foot. This fee simple ownership offers significant potential for substantial returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.