323 Oak Ridge Ave, Hillside, IL 60162
For Sale
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.
-
Oakridge Healthcare Center Nursing Home
-
Aperion Care Hillside Nursing Home
-
Samir Bhalla Geriatric Care Provider
-
Muhammad Haque Physician Medical Clinic
-
Muhammad Shamimul Haque Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.