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1651 W Irving Park Rd 0.4 Acres of Commercial Land Offered at $199,999 in Hanover Park, IL 60133
Investment Highlights
- Prime frontage along Irving Park Road in Hanover Park
- Strong demographics with over 18,000 residents within 1 mile
- Ideal for retail, service, or mixed-use land development
- Surrounded by national retailers including McDonald’s and Chase Bank
- Average household income exceeds $100,000 in surrounding area
Executive Summary
Positioned in the heart of Hanover Park, Illinois, 1651 West Irving Park Road presents a compelling opportunity for retail developers and land investors. This 0.40-acre parcel offers exceptional visibility and accessibility along a well-trafficked corridor, making it ideal for retail ventures or mixed-use development. The site’s strategic location ensures strong exposure to both local residents and commuter traffic, enhancing its appeal for businesses seeking high-impact frontage.
Surrounded by national and regional retailers such as McDonald’s, Dunkin’, Burger King, Chase Bank, and T-Mobile, the property benefits from a vibrant commercial ecosystem. The area’s demographic profile supports retail success, with over 18,700 residents within a one-mile radius and average household incomes exceeding $100,000. The average home value in the vicinity ranges from $249,000 to $264,000, indicating a stable and affluent consumer base.
The parcel’s flat topography and prime frontage along Irving Park Road offer flexibility for a variety of development concepts, from freestanding retail to service-oriented uses. Its proximity to Barrington Road and Lake Street further enhances connectivity to surrounding suburbs and major thoroughfares.
This site is well-positioned to capitalize on Hanover Park’s continued growth and its blend of residential density and commercial vitality. Whether for a single-tenant retail build or a multi-use concept, 1651 W Irving Park Road offers a rare chance to secure a high-visibility location in a thriving suburban market.
Surrounded by national and regional retailers such as McDonald’s, Dunkin’, Burger King, Chase Bank, and T-Mobile, the property benefits from a vibrant commercial ecosystem. The area’s demographic profile supports retail success, with over 18,700 residents within a one-mile radius and average household incomes exceeding $100,000. The average home value in the vicinity ranges from $249,000 to $264,000, indicating a stable and affluent consumer base.
The parcel’s flat topography and prime frontage along Irving Park Road offer flexibility for a variety of development concepts, from freestanding retail to service-oriented uses. Its proximity to Barrington Road and Lake Street further enhances connectivity to surrounding suburbs and major thoroughfares.
This site is well-positioned to capitalize on Hanover Park’s continued growth and its blend of residential density and commercial vitality. Whether for a single-tenant retail build or a multi-use concept, 1651 W Irving Park Road offers a rare chance to secure a high-visibility location in a thriving suburban market.
Property Facts
| Price | $199,999 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.40 AC |
| Property Type | Land | ||
| Zoning | B-2 - Commercial Business District | ||
| Price | $199,999 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.40 AC |
| Zoning | B-2 - Commercial Business District |
1 Lot Available
Lot
| Price | $199,999 | Lot Size | 0.40 AC |
| Price Per AC | $499,997.50 |
| Price | $199,999 |
| Price Per AC | $499,997.50 |
| Lot Size | 0.40 AC |
Prime 0.40-acre site on Irving Park Rd in Hanover Park. High visibility, ideal for retail or land development. Surrounded by national brands with strong demographics and traffic exposure.
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 06-25-403-023-0000 | Improvements Assessment | $0 |
| Land Assessment | $12,810 | Total Assessment | $12,810 |
Property Taxes
Parcel Number
06-25-403-023-0000
Land Assessment
$12,810
Improvements Assessment
$0
Total Assessment
$12,810
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1651 W Irving Park Rd
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