For Sale
$3,900,000

8647 Higgins Rd Chicago, IL 60631

3.55-acre medical office development in Chicago.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 3.55-acre commercial development site, located at 8647 West Higgins Road in Chicago, Illinois (zip code 60631), presents a compelling investment opportunity. The property boasts a significant 347,607 square foot buildable area, permitted under Planned Development 44 zoning. This allows for a diverse range of uses, including medical offices, retail sales, financial services, and general office space. The land itself is valued at $25 per square foot, with an asking price of $3,900,000 for the entire 3.55-acre parcel. The site benefits from high visibility and accessibility, situated near the Kennedy Expressway (I-90), experiencing daily traffic counts exceeding 210,400 vehicles. Additional traffic counts of 24,100 vehicles daily on Higgins Road (Rt 2) and 14,800 vehicles daily on E River Rd further enhance its strategic location. The property is part of a planned mixed-use development emphasizing a live-work-play environment, and is conveniently located approximately 25 minutes from downtown Chicago, near the Rosemont Entertainment District and Fashion Outlets. The property's Parcel Identification Number (PIN) is 12023010220000. The permitted Floor to Area Ratio is 2.25. This property offers significant potential for developers and investors seeking a prime location in a thriving area.

Highlights

  • 3.55-acre site (154,492 SF) at 8647 West Higgins Road, Chicago, IL 60631.
  • Asking price: $3,900,000 ($25/SF).
  • Planned Development 44 zoning, B-3 Office/Commercial use.
  • 2.25 Floor Area Ratio, allowing 347,607 SF buildable area.
  • Permitted uses include office, financial services, retail, and medical.
  • Amenities include proximity to Rosemont Entertainment District and Fashion Outlets.

Property Details for 8647 Higgins Rd

Property type
Retail properties, Office properties
Square Feet
347,607 SF
Lot Size (sq. ft)
154,638 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9861854
Longitude
-87.8432085

FAQs

What type of property is this?
Retail property - 3.55-acre medical office development in Chicago.
Where is the retail property located?
The property is located at 8647 Higgins Rd Chicago, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 3.55-acre site (154,492 SF) at 8647 West Higgins Road, Chicago, IL 60631.; Asking price: $3,900,000 ($25/SF).; Planned Development 44 zoning, B-3 Office/Commercial use.
How can I contact the broker?
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8647 Higgins Rd
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