534 Homan Ave | Park Forest, IL 60466
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534 Homan Ave
Park Forest, IL 60466
3290 Lincoln Hwy · Land For Sale · 4.37 AC
Investment Highlights
- Strong average daily traffic for commercial development
- Adjacent to 211th Street Metra Commuter Station
Executive Summary
Owner is the municipality.
Prime development site adjacent to Metra Commuter line with 700 daily riders from this location. Service to Millennium Station, Chicago.
Access to I-57 is 2.25 miles west via US Hwy 30.
The property is adjacent to the raised Metra Station Platform, providing easy access to downtown Chicago and locations in between. The stop is 211th Street Station on the Metra Electric Line with termini in University Park and Millennium Station, Chicago.
Pace Suburban Bus maintains a covered bus stop with service via Route 362.
The principal access road from the west, north and east is the intersection of Indiana Street and Lincoln Hwy. Access from the south is possible via Homan Avenue.
Sales price adjustment based on development commitment (consistency with desired plan and vision for Transit Oriented Development and quality of the construction).
Potential for Cook County Class 8 Economic Development Incentive for commercial projects.
Enterprise Zone benefits for residential and commercial projects.
Prime development site adjacent to Metra Commuter line with 700 daily riders from this location. Service to Millennium Station, Chicago.
Access to I-57 is 2.25 miles west via US Hwy 30.
The property is adjacent to the raised Metra Station Platform, providing easy access to downtown Chicago and locations in between. The stop is 211th Street Station on the Metra Electric Line with termini in University Park and Millennium Station, Chicago.
Pace Suburban Bus maintains a covered bus stop with service via Route 362.
The principal access road from the west, north and east is the intersection of Indiana Street and Lincoln Hwy. Access from the south is possible via Homan Avenue.
Sales price adjustment based on development commitment (consistency with desired plan and vision for Transit Oriented Development and quality of the construction).
Potential for Cook County Class 8 Economic Development Incentive for commercial projects.
Enterprise Zone benefits for residential and commercial projects.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.37 AC |
| Property Type | Land | Parcel Number | 31-23-412-038-0000 |
| Property Subtype | Commercial |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.37 AC |
| Parcel Number | 31-23-412-038-0000 |
1 Lot Available
Lot
| Price | $467,590 | Lot Size | 4.37 AC |
| Price Per AC | $107,000 |
| Price | $467,590 |
| Price Per AC | $107,000 |
| Lot Size | 4.37 AC |
Former Metra Commuter parking lot for the Metra Electric Line. Located on Lincoln Hwy 2.25 miles from I-57.
Description
Until third quarter 2018, this property was an active public parking lot serving Metra Commuters using the Metra Electric service line to Chicago and stops between. There is a stairway and sidewalk connection under the overpass with direct access to Metra Electric Line’s 211th Street Metra station entrance and a kiss-n-ride.
zoning
| Zoning Code | R-1 and C-2 |
| R-1 and C-2 |
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