24306 Governors HwyMonee, IL 60449

Property Details for 24306 Governors Hwy

Lot size

7.33 AC

Property type

Commercial land

APN

21-14-09-400-008

APU

211409400008

Description

This exceptional 8.73-acre commercial land parcel in Monee, Illinois, presents a unique investment opportunity. Located at 24306 S Governors Hwy, this triangular lot boasts excellent visibility and accessibility, situated at the intersection of Cicero Ave (Hwy 50) and Governors Hwy, providing ingress and egress to both major roadways. The land has been meticulously prepared, featuring leveled terrain, removal of all trees and stumps, and a complete paving of one foot of asphalt grindings. Three large shipping containers are included in the sale. New perimeter fencing enhances security. Currently zoned commercial, this property is ideally suited for a variety of uses, including strip malls, other commercial ventures, or trucking-related businesses. Discussions with the Village of University Park indicate openness to annexation and potential zoning changes to Industrial, mirroring nearby developments. The property's strategic location offers proximity to I-57 (via Stuenkel Rd. exit), major corporate neighbors (Amazon, DSC Logistics, Lineage Logistics, and more), Governors State University, and the towns of Richton Park and Matteson. Its proximity to Peotone (potential site of Chicago's third airport) and its 35-mile distance from downtown Chicago further enhance its appeal. The asking price is $1,299,000, with a land value of $4.85 per square foot. This fee simple ownership offers significant potential for substantial returns.

• Alternative Use

  Use

  Valuation

  Residential

  $117,451,632

  Hospitality

  $107,585,064

  Educational

  $89,509,512

  Medical

  $92,587,880

  Retail

  $139,237,008

Location Insight

City

Monee

County

Will

State

Illinois

Latitude

41.4469

Longitude

-87.7312

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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