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    FOR SALE
    Commercial real estate

    323 Oak Ridge Ave, Hillside, IL 60162

    0.38 ac lot Built 1963
    Individually Owned Free & Clear
    Property ID
    US28-1218603
    323 Oak Ridge Ave, Hillside, IL 60162 For Sale
    $995,000
    323 Oak Ridge Ave, Hillside, IL 60162
    View Listing →
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents a substantial 20,482 square foot property located at 323 Oak Ridge Avenue in Hillside, Illinois. Currently configured as a 73-bed nursing home, this property is soon to be closed, offering a blank canvas for a variety of exciting new ventures. The expansive 1.43-acre lot is zoned R-4, providing significant flexibility for future development plans. Its tranquil location on a quiet street, just off Roosevelt Road, offers a peaceful setting while maintaining convenient access to major thoroughfares. The substantial square footage and generous lot size present a rare opportunity for developers seeking a prime location in a desirable area. The property's existing infrastructure provides a solid foundation for a range of potential projects, from residential to commercial developments. Given the zoning and size, this property is well-suited for multi-family housing, assisted living facilities, or other high-density projects. The quiet neighborhood adds to the appeal, offering a desirable living environment for future residents. This is a unique chance to acquire a significant piece of land with considerable potential in a growing community. Serious inquiries are encouraged to explore the possibilities this property offers. The property is priced at $995,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1963
    Lot 0.38 ac (16,696 SF)
    APN 15-17-413-052
    UPID US28-1218603
    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
    Current use
    Occupant on record · Public records
    • Oakridge Healthcare Center Nursing Home
    • Aperion Care Hillside Nursing Home
    • Samir Bhalla Geriatric Care Provider
    • Muhammad Haque Physician Medical Clinic
    • Muhammad Shamimul Haque Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Village Of Hillside
    Village Of Hillside
    since 2025
    7 recorded transactions
    2025
    2023
    2021
    2020
    2018
    2018
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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