Property summary
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
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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