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    Property profile & analytics
    OFF-MARKET Estimated value $3,240,000
    Retail space

    3250 Lincoln Hwy, Park Forest, IL 60466-1085

    4.42 ac lot Built 1973
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US28-5744714
    Property summary
    AI-generated overview

    This exceptional 4.5-acre commercial property, located at 3250 Lincoln Hwy in Park Forest, Illinois (Cook County, zip code 60466), presents a unique investment opportunity. The site boasts a substantial 49,500 square feet and is zoned C2 Mixed Use District, offering considerable development flexibility. With approximately 385 feet of frontage on Lincoln Highway, the property enjoys high visibility and accessibility. All necessary utilities are readily available on-site, simplifying development plans. The location offers convenient access to major regional roadways and is within walking distance of the Metra Electric Line commuter stop at 211th Street, enhancing its appeal and potential for transit-oriented development. The property's APN is 31-23-412-056-0000. While some deferred maintenance is present, this presents an opportunity for value-add improvements. Furthermore, the site's proximity to other parcels allows for potential expansion or consolidation to align with the Village of Park Forest's Transit Oriented Development Plan. This prime location and substantial size make this property ideal for a variety of retail developments.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1973
    Lot 4.42 ac (192,535 SF)
    APN 31-23-412-056
    UPID US28-5744714
    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
    • Duncan Garage Door's Repair Service Hardware & Home Improvement General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.21M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.24M
    Owner & transaction history
    Village Of Park Forest · 3 yrs held
    Village Of Park Forest
    since 2023
    Last sale
    $3.3M
    6 recorded transactions
    2023
    2017
    2017
    $25,000
    2013
    2005
    $3.3M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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