2540 Western Ave - 2410-2470 Western Avenue & 820 Norwood Blvd. 12 Acres of Industrial Land Offered at $969,829 CAD 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
NORWOOD SURVEY - historical
14 Acres on Western Avenue 2019
Opportunity Zone information

PROPERTY FACTS

Price $969,829 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Mixed Use
  • Auto Dealership
  • Food Processing
  • Garden Centre
  • Medical
  • Neighbourhood Centre
  • 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.
Zoning C3
Parcel Numbers
Multiple
  • 31-25-202-039-0000
  • 31-25-202-037-0000
  • 31-25-202-015-0000
  • 31-25-202-016-0000
  • 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 $969,829 CAD
Price Per AC $80,819.09 CAD
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 2
2540 Western Ave, Park Forest, IL - AERIAL map view

CONTACT

  • Listing ID: 3993276

  • Date on Market: 2014-03-17

  • Last Updated:

  • Address: 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.

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