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440 W 87th St 1.96 Acres of Commercial Land Offered at $500,000 in Chicago, IL 60620
INVESTMENT HIGHLIGHTS
- 22,600 vehicles daily
- Dense, family oriented residential trade area
- Within 5 minutes of I-90/I-94
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $500,000 | Lot Size | 1.96 AC |
| Price Per AC | $254,816.02 |
| Price | $500,000 |
| Price Per AC | $254,816.02 |
| Lot Size | 1.96 AC |
Lot is M1-2 zoned land, near Interstate 90 (I-90) and Interstate 94 (I-94). To the east of the lot you have a great commercial presence with big retailers like Home Depot, ALDI, and Wendy's. To the west, north, and south you have residential homes.
DESCRIPTION
Rare opportunity to acquire nearly two acres of vacant, undeveloped land positioned just off a strong commercial corridor with convenient access to the Dan Ryan Expressway. Zoned M1-2, the site allows for a wide range of light industrial and limited commercial uses, including warehousing, distribution, and light manufacturing. The property also presents a compelling redevelopment opportunity for mixed-use or residential development, offering the potential to expand commercial activity from the 87th Street & Dan Ryan node while serving surrounding neighborhoods. Ideal for investors, developers, or owner-users seeking a well-located infill site with strong long-term upside
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,219 | |
| Land Assessment | $69,124 | Total Assessment | $75,343 |
PROPERTY TAXES
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440 W 87th St
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