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    Property profile & analytics
    FOR SALE
    Commercial land

    24306 S Governors Hwy, Monee, IL 60449

    7.33 ac lot
    Individually Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-3132572
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 7.33 ac (319,295 SF)
    APN 21-14-09-400-008
    UPID US28-3132572
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Louie Dimis · 6 yrs held
    Louie Dimis
    since 2020
    Last sale
    $95,000
    1 recorded transaction
    2020
    $95,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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