4727 Lincoln Mall Dr Matteson, IL 60443-2332
This exceptional redevelopment opportunity presents a 3,427-square-foot vacant building, formerly a Pizza Hut, situated on a 0.84-acre lot in Matteson, Illinois. Built in 1984, the property is priced at $375,000, translating to $109.43 per square foot. The property boasts excellent visibility and high traffic counts due to its location off S. Cicero Avenue, just 30 miles south of downtown Chicago. The site offers ample parking with approximately 42 spaces. This versatile building is ideally suited for a variety of uses, benefiting from its location near the Matteson Market Square Crossing, a vibrant mixed-use development. The surrounding area offers diverse land-use possibilities, including recreational, office, residential, hotel, and retail options. The property's zoning is designated as MXD, allowing for flexibility in redevelopment plans. The building's size and configuration provide significant adaptability for future tenants or owners. This prime location presents a unique chance to capitalize on a high-traffic area with significant redevelopment potential. The property is a single-unit building and is currently vacant.
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.