20900 Western AveOlympia Fields, IL 60461

Property Details for 20900 Western Ave

Year built

1972

Lot size

0.41 AC

Property type

Banks

APN

31-24-207-022

APU

3124207022

Description

This exceptional 1.86-acre parcel presents a prime redevelopment opportunity in Olympia Fields, Illinois. The property features a 5,560-square-foot vacant single-story building constructed in 1974, offering significant potential for various retail uses, including banks, quick-service restaurants (QSRs), and other retail establishments. The site boasts excellent visibility and access from Western Avenue, with two separate access points and a dedicated drive-thru lane, ideal for QSR conversions. The property benefits from high traffic counts exceeding 17,000 vehicles per day on Western Avenue, situated on Olympia Fields' main retail corridor. Its proximity to a Walmart Supercenter, consistently ranking in the top 73% nationally in terms of annual visits (approximately 2.9 million), provides a significant advantage. The 75-space parking lot further enhances the property's appeal. The property is zoned as a Special Use District and is offered fee simple. The asking price is $750,000, translating to $134.89 per square foot. Its location near the prestigious Olympia Fields Country Club, a renowned golf course hosting numerous major championships, adds to its desirability. This is a rare chance to acquire a substantial retail property with high visibility and strong traffic in a desirable location.

Location Insight

City

Olympia Fields

County

Cook

State

Illinois

Latitude

41.5092

Longitude

-87.6749

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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