For Sale
$5,500,000

95th 88Th Ave Palos Hills, IL 60457

29.92 Acres, Prime Location, PUD Zoned

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 29.92-acre commercial land parcel presents a unique investment opportunity in Palos Hills, Illinois. Strategically located at the Northwest quadrant of 95th Street and 88th Avenue, this property boasts 1,705 linear feet of frontage along the heavily trafficked 95th Street (Route 12), experiencing 16,300 vehicles daily. Its prime location offers unparalleled access to major transportation arteries, including the I-294 full interchange, which sees 151,600 vehicles daily, and LaGrange Road (Route 45) with 36,600 vehicles daily. The property is zoned PUD (Planned Unit Development), allowing for diverse development options including senior living, retail, and office spaces. A proposed Tax Increment Financing (TIF) district further enhances its investment appeal. The property's four parcel numbers are 23-03-400-022, 23-03-400-030, 23-03-402-006, and 23-03-402-009, and the annual property taxes are $272,287.90. This significant land holding offers substantial potential for a high-return development project. The asking price for this exceptional property is $5,500,000. Don't miss this chance to acquire a premier commercial land asset in a thriving Cook County location.

Highlights

  • PUD zoning allowing Senior Living, Retail, and Office uses.
  • 1,705 linear feet of frontage on 95th Street.
  • Proposed Tax Increment Financing (TIF) district.
  • Excellent location directly west of I-294 full interchange.
  • High traffic counts: 16,300 VPD on 95th Street, 36,600 VPD on LaGrange Road, and 151,600 VPD on I-294.
  • PINs: 23-03-400-022, 23-03-400-030, 23-03-402-006, and 23-03-402-009.

Property Details for 95th 88Th Ave

Property type
Land
Lot Size (sq. ft)
1,303,315 SF

Location Insight

City
Palos Hills
County
Cook
State
Illinois
Latitude
41.7182579
Longitude
-87.8372505

FAQs

What type of property is this?
Land - 29.92 Acres, Prime Location, PUD Zoned
Where is the land located?
The property is located at 95th 88Th Ave Palos Hills, IL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: PUD zoning allowing Senior Living, Retail, and Office uses.; 1,705 linear feet of frontage on 95th Street.; Proposed Tax Increment Financing (TIF) district.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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95th 88Th Ave
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