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2540 Western Ave - 2410-2470 Western Avenue & 820 Norwood Blvd.

12 Acres of Industrial Land Offered at $700,000 in Park Forest, IL 60466

Industrial Land Illinois Park Forest 2540 Western Ave, Park Forest, IL 60466

Investment Highlights

  • Western Avenue location - easy in and out
  • All utilities to site
  • Proximity to interstates
  • Adjacent to freight rail line; spur possible

Executive Summary

Property is in TIF District, Enterprise Zone and Federal Opportunity Zone.
Prime land in south suburbs adjacent to rail line. Ideal for transportation and logistics related to CN/adjacent rail line, light manufacturing, research and development, and medical services. Also could be developed as multi-use commercial, with mix of service providers, restaurants, and retail.

Attachments

Sidwell Norwood Marked
Park Forest_web
Opportunity Zone information
14 Acres on Western Avenue 2019
NORWOOD SURVEY - historical

Property Facts

Price $700,000 Proposed Use
Commercial
  • Industrial
  • Retail
  • Mixed Use
  • Auto Dealership
  • Food Processing
  • Garden Center
  • Medical
  • Neighborhood Center
  • Research and Development
  • Restaurant
  • Specialty, Festival or Entertainment
  • Supermarket
Sale Type Investment Total Lot Size 12.00 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land Parcel Numbers
Multiple
  • 31-25-202-015-0000
  • 31-25-202-016-0000
  • 31-25-202-037-0000
  • 31-25-202-039-0000
  • 31-25-202-030-0000
  • 31-25-202-033-0000
  • 31-25-202-034-0000
  • 31-25-202-035-0000
Property Subtype Industrial
Price $700,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Mixed Use
  • Auto Dealership
  • Food Processing
  • Garden Center
  • Medical
  • Neighborhood Center
  • Research and Development
  • Restaurant
  • Specialty, Festival or Entertainment
  • Supermarket
Total Lot Size 12.00 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parcel Numbers
Multiple
  • 31-25-202-015-0000
  • 31-25-202-016-0000
  • 31-25-202-037-0000
  • 31-25-202-039-0000
  • 31-25-202-030-0000
  • 31-25-202-033-0000
  • 31-25-202-034-0000
  • 31-25-202-035-0000

1 Lot Available

Lot

Price $700,000 Lot Size 12.00 AC
Price Per AC $58,333
Price $700,000
Price Per AC $58,333
Lot Size 12.00 AC

Level lot located on South Western Avenue

Description

Former regional strip mall site. NFR letter received. All uses permitted except residential.

Links

1 of 1
2540 Western Ave, Park Forest, IL - aerial map view

zoning

Zoning Code C3
C3
(708) 921-5118

Contact

  • Listing ID: 3993276

  • Date on Market: 3/17/2014

  • Last Updated:

  • Address: 2540 Western Ave, Park Forest, IL 60466

More public record information on 2540 Western Ave, Park Forest, IL 60466

The Land Property at 2540 Western Ave, Park Forest, IL 60466 is currently available for sale. Contact Village of Park Forest for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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2540 Western Ave, Park Forest, IL for sale Other- Image 1 of 4
Norwood aerial photo OZ
2540 Western Ave, Park Forest, IL for sale Aerial- Image 2 of 4
Property
2540 Western Ave, Park Forest, IL for sale Site Plan- Image 3 of 4
Site Sketch

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2540 Western Ave - 2410-2470 Western Avenue & 820 Norwood Blvd.
(708) 921-5118 x

2540 Western Ave - 2410-2470 Western Avenue & 820 Norwood Blvd.

Sandra Zoellner

(708) 921-5118

(708) 921-5118

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