17704 Oak Park Ave
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17704 Oak Park Ave
5.25 Acres of Residential Land Offered at $4,000,000 in Tinley Park, IL 60477
Executive Summary
The opportunity is to de-convert a 56,000 SF office condominium building and build a multi-family development. The board has approved the marketing and potential sale of the property. In addition, the Village will consider a new multi-family site but would prefer commercial / retail space along S. Oak Park Ave. The property totals 5.25 acres and has frontage on S. Oak Park Ave. The zoning for the property is Downtown Flex which allows multi-family and commercial. The Village prefers a redevelopment that has commercial along S. Oak Park Ave.
Located just 30 miles due south of downtown Chicago, Tinley Park is a rapidly growing south suburb. The total population is 55,000 with major employers such as Goodheart-Wilcox, Hollywood Casino Amphitheatre, Tinley Park Convention Center, Advocate Health Care, and Loyola Medicine. There is easy access to I-57, I-80, and I-294 expressways. Also, the commuter rail service, Metra Rock Island Line, has a stop conveniently located in the downtown district. A report from CB Richard Ellis National Research predicted that I-80 Expressway corridor which includes Tinley Park, will be one of the fastest growing business locations in the Greater Chicago area for the next ten years.
Located just 30 miles due south of downtown Chicago, Tinley Park is a rapidly growing south suburb. The total population is 55,000 with major employers such as Goodheart-Wilcox, Hollywood Casino Amphitheatre, Tinley Park Convention Center, Advocate Health Care, and Loyola Medicine. There is easy access to I-57, I-80, and I-294 expressways. Also, the commuter rail service, Metra Rock Island Line, has a stop conveniently located in the downtown district. A report from CB Richard Ellis National Research predicted that I-80 Expressway corridor which includes Tinley Park, will be one of the fastest growing business locations in the Greater Chicago area for the next ten years.
Property Facts
| Price | $4,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 5.25 AC |
| Price | $4,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.25 AC |
1 Lot Available
Lot
| Price | $4,000,000 | Lot Size | 5.25 AC |
| Price Per AC | $761,904.76 |
| Price | $4,000,000 |
| Price Per AC | $761,904.76 |
| Lot Size | 5.25 AC |
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Walk Score®
Very Walkable (73)
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17704 Oak Park Ave
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