For Sale
$1,100,000

21000 Olympian WayOlympia Fields, IL 60461

High-traffic, multifamily opportunity in Olympia Fields, IL.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 7.13-acre multifamily property, located at 21000 Olympian Way in Olympia Fields, Illinois (zip code 60461), presents a compelling investment opportunity. Situated in Cook County, the property boasts a prime location at a four-way lighted intersection, directly east of the I-57 and US Hwy 30 interchange and I-57 exit ramps. Benefitting from high visibility and significant traffic counts (34,000 vehicles daily on US Hwy 30 and 66,300 on I-57), the property is strategically positioned between a CVS and Speedway, sandwiched between two thriving McDonald's restaurants. The property is zoned B-3 Commercial Service and Wholesale District, allowing for multifamily, self-storage, and retail development, per the Village's guidelines. The property's APN is 31-23-200-017, and its annual property taxes are $45,755. The asking price is $1,100,000, with owner financing and land banking options available. The property is served by Matteson Elementary School District 162 and Rich Township School District 227. This is a rare chance to acquire a high-traffic, multi-use property in a thriving location with excellent development potential. Further information is available upon request.

Highlights

  • Exceptional 7.13-acre site between two McDonald's restaurants.
  • B-3 Commercial zoning allowing multifamily, self-storage, and retail.
  • Village approves multifamily, self-storage, and retail development.
  • Owner financing and land banking options available.
  • High-traffic 4-way lighted intersection.
  • Prime location directly east of I-57 and US Hwy 30 interchange and I-57 exit ramps.

Property Details for 21000 Olympian Way

Property type
Self storage facilities, Apartment buildings
Lot Size (sq. ft)
310,583 SF

Location Insight

City
Olympia Fields
County
Cook
State
Illinois
Latitude
41.507201
Longitude
-87.701423
21000 Olympian Way, Olympia Fields, Illinois

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21000 Olympian Way
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