8647 Higgins RdChicago, IL 60631

Property Details for 8647 Higgins Rd

Lot size

3.55 AC

Property size (Sq ft)

347,607 SF

Property type

Retail properties

Property subtype

Office properties

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9862

Longitude

-87.8432

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