Property profile

3250 Lincoln Hwy Park Forest, IL 60466

FOR SALE
Retail space
Property ID
US28-5744714
4.42 ac lot Built 1973
Individually Owned 3-yr Hold Free & Clear
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For Sale
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3250 Lincoln Hwy, Park Forest, IL 60466
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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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement General Contractor

Location

3250 Lincoln Hwy Park Forest, IL 60466
Park Forest metro Census 830100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.12M

Owner & transaction history

since 2023
Last sale
$3.3M
6 recorded transactions
2023
Price N/A
2017
Price N/A
2017
$25,000
2013
Price N/A
2005
$3.3M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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