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Vacant Bank Branch (1.86-Acre Parcel) 20900 S Western Ave 5,560 SF Retail Building Olympia Fields, IL 60461 $625,000 ($112.41/SF)
INVESTMENT HIGHLIGHTS
- Great Visibility and Access (17K+ VPD)
- Adjacent to Walmart Supercenter - 2.9M+ Visits per Year
- 1.5 Miles from Olympia Fields Country Club
- Drive-Thru Window
- Located on Olympia Fields' Main Retail Corridor
EXECUTIVE SUMMARY
Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the fee simple interest of 20900 South Western Avenue (“The Property”). Encompassing ±5,560 SF on ±1.86 Acres, the Property consists of a single-tenant bank building constructed in 1974. The Property offers significant re-development potential for a number of users including but not limited to banks, QSRs, and other retail uses.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,560 SF
Building Class
C
Year Built
1974
Price
$625,000
Price Per SF
$112.41
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.86 AC
Zoning
B-3 - Commercial
Parking
75 Spaces (13.49 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $26,221 | |
| Land Assessment | $56,207 | Total Assessment | $82,428 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$56,207
Improvements Assessment
$26,221
Total Assessment
$82,428
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Vacant Bank Branch (1.86-Acre Parcel) | 20900 S Western Ave
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