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W North Ave
Melrose Park, IL 60160
Land For Sale
·
4.60 AC
Investment Highlights
- Zoned E (Commercial District) — flexible retail, medical, office, and QSR development
- In-place infrastructure with signalized access and strong regional connectivity.
- Surrounded by national anchors including Costco, McDonald's, Raising Cane's, and Amazon
- POTENTIAL USES (BUT NOT LIMITED TO): Retail, automotive, car wash, commercial, grocery, medical office space, QSR, drive-thru, vet, day care, etc.
Executive Summary
8311 W North Avenue is a ±4.6-acre commercial development site in Melrose Park, one of Chicago's most established western suburbs. The property offers exceptional frontage and visibility along North Avenue (±46,800 vehicles per day) and sits just east of N 1st Avenue (±20,800 vehicles per day), with immediate access to Interstates 290 and 294 and quick connectivity to Downtown Chicago and O'Hare International Airport. Two existing curb cuts and in-place infrastructure make this a rare, ready-to-develop infill opportunity within one of the area's strongest retail corridors.
Property Facts
1 Lot Available
Lot
| Price | $4,007,520 | Lot Size | 4.60 AC |
| Price Per AC | $871,200.00 |
| Price | $4,007,520 |
| Price Per AC | $871,200.00 |
| Lot Size | 4.60 AC |
Description
The subject property is a ±4.6-acre site located at 8311 W North Avenue in Melrose Park, Illinois, within Cook County. The parcel is currently utilized as a surface parking lot and is zoned E (Commercial District), allowing for a wide range of potential commercial uses. Positioned along North Avenue with approximately 46,800 vehicles per day and near First Avenue with an additional 20,800 vehicles per day, the site benefits from strong visibility and accessibility. The property is well-suited for a variety of uses including retail, automotive, car wash, grocery, medical office, QSR with drive-thru, office space, daycare, veterinary services, and other service-oriented applications.
Property Taxes
| Parcel Number | 15-02-200-029-0000 | Improvements Assessment | $859,569 |
| Land Assessment | $1,374,771 | Total Assessment | $2,234,340 |
Property Taxes
Parcel Number
15-02-200-029-0000
Land Assessment
$1,374,771
Improvements Assessment
$859,569
Total Assessment
$2,234,340
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