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8700 S Ridgeland Ave

0.5 Acres of Commercial Land Offered at £666,748 in Oak Lawn, IL 60453

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Investment Highlights

For Sale, Build-to-Suit or Ground Lease
210ft of Frontage
Heavy Traffic Counts: 62,550 VPD

5 Way Hard Corner Intersection
Highly Visible Site
Major Shopping & Business District.

Executive Summary

For Sale, Ground Lease, Or Built-to-Suit. The site is located at the southwest corner of 87th St & Ridgeland Ave in a Major Shopping & Business District. Businesses along Ridgeland Ave include Jewel Food Store, Dunkin Donuts, Dollar Tree, Atheltico, and many other national and regional Businesses. Oak Lawn is a village in Cook County, Illinois, United States. The population was 58,362 at the 2020 census. Oak Lawn is a southwest suburb of Chicago, located southwest of the city. It shares borders with the city in two areas but is surrounded mostly by other densely populated suburbs.

87th & Ridgeland outlot Brochure.pdf

Property Facts

Price	£666,748	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Office Auto Repair Bank Drugstore Fast Food General Freestanding Healthcare Hold For Development Hold For Investment Medical Restaurant Service Station Storefront Storefront, Retail or Office Strip Centre
No. Lots	1	Total Lot Size	0.50 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£666,748
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Auto Repair Bank Drugstore Fast Food General Freestanding Healthcare Hold For Development Hold For Investment Medical Restaurant Service Station Storefront Storefront, Retail or Office Strip Centre
Total Lot Size	0.50 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£666,748	Lot Size	0.50 AC
Price Per AC	£1,333,497

Price	£666,748
Price Per AC	£1,333,497
Lot Size	0.50 AC

Description

The site is located at the southwest corner of 87th St & Ridgeland Ave in a Major Shopping & Business District. Businesses along Ridgeland Ave include Jewel Food Store, Dunkin Donuts, Dollar Tree, Atheltico, and many other national and regional Businesses. Oak Lawn is a village in Cook County, Illinois, United States. The population was 58,362 at the 2020 census. Oak Lawn is a southwest suburb of Chicago, located southwest of the city. It shares borders with the city in two areas but is surrounded mostly by other densely populated suburbs.

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PROPERTY TAXES

Parcel Numbers	Multiple 24-06-214-020-0000 24-06-214-018-0000 24-06-214-015-0000	Improvements Assessment	£196,424
Land Assessment	£111,441	Total Assessment	£307,865

PROPERTY TAXES

Parcel Numbers

Multiple

24-06-214-020-0000
24-06-214-018-0000
24-06-214-015-0000

Land Assessment

£111,441

Improvements Assessment

£196,424

Total Assessment

£307,865

zoning

Zoning Code	C-2
C-2

Listing ID: 34097409
Date on Market: 05/12/2024
Last Updated:
Address: 8700 S Ridgeland Ave, Oak Lawn, IL 60453

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8700 S Ridgeland Ave, Oak Lawn, IL for sale Building Photo- Image 1 of 4 — 87th & Ridgeland aerial

8700 S Ridgeland Ave, Oak Lawn, IL for sale Building Photo- Image 2 of 4 — 87th ridgeland proposed plan

8700 S Ridgeland Ave, Oak Lawn, IL for sale Primary Photo- Image 3 of 4 — Primary Photo

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