5940 159th St is a premier location ideal for redevelopment. With 200 ft of frontage on busy 159th St, the property provides a daily vehicle count of over X cars. The subject property is currently occupied by a church on a month-to-month lease. This gives the new owner the cushion and flexibility to take their time developing plans for the site, as there is a monthly income in place. Once the new owner has established their plans, they can request the church to end the monthly lease.
This property’s ideal location next to Eagle Sports Range puts it in a prime site for hotel development. The Sports Range attracts thousands of visitors from across the country on a yearly basis. With hotel and accommodation options limited in the area, these visitors would find a hotel at this location ideal for staying.
5940 159th St is located within a TIF District, giving the new owner aggressive tax incentives provided by the City of Oak Forest, who is looking to expand commercially and economically. Besides the available land on the south, 159th street-facing side, there is an additional 0.60 acres adjacent to the rear, operated by Residences of Illinois as a residence for 16 disabled adults.
Currently the zoning is C2 – General Service Commercial which allows most commercial uses and also allows mixed use with residential via special use permit. The General Bidder’s Information Package contains Zoning Relief forms.
