323 Oak Ridge AveHillside, IL 60162

Property Details for 323 Oak Ridge Ave

Year built

1963

Lot size

0.38 AC

Property type

Commercial real estate

APN

15-17-413-052

APU

1517413052

Description

This exceptional redevelopment opportunity presents a substantial 20,482 square foot property located at 323 Oak Ridge Avenue in Hillside, Illinois. Currently configured as a 73-bed nursing home, this property is soon to be closed, offering a blank canvas for a variety of exciting new ventures. The expansive 1.43-acre lot is zoned R-4, providing significant flexibility for future development plans. Its tranquil location on a quiet street, just off Roosevelt Road, offers a peaceful setting while maintaining convenient access to major thoroughfares. The substantial square footage and generous lot size present a rare opportunity for developers seeking a prime location in a desirable area. The property's existing infrastructure provides a solid foundation for a range of potential projects, from residential to commercial developments. Given the zoning and size, this property is well-suited for multi-family housing, assisted living facilities, or other high-density projects. The quiet neighborhood adds to the appeal, offering a desirable living environment for future residents. This is a unique chance to acquire a significant piece of land with considerable potential in a growing community. Serious inquiries are encouraged to explore the possibilities this property offers. The property is priced at $995,000.

• Alternative Use

  Use

  Valuation

  Residential

  $5,752,576

  Hospitality

  $5,269,328

  Educational

  $4,384,020

  Medical

  $4,534,792

  Retail

  $6,819,586

Location Insight

City

Hillside

County

Cook

State

Illinois

Latitude

41.8648

Longitude

-87.8877

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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