16475 Van Dam RdSouth Holland, IL 60473

  • Other commercial real estate
  • 1.56 AC
For Sale

Property Details for 16475 Van Dam Rd

Year built
1989
Lot size
1.56 AC
Property type
Other commercial real estate
APN
29-23-201-026
APU
2923201026

Description

This exceptional 4,800 square foot office building, situated on a generous 4.97-acre lot in South Holland, Illinois, presents a unique investment opportunity. The property boasts a single-tenant occupancy and is ideally located with heavy traffic frontage on I-94, just two minutes from a full interchange. The expansive land offers significant potential for expansion or redevelopment. The existing building is classified as a traditional office space, but the property's flexible zoning allows for a wide array of uses. Potential uses include, but are not limited to: travel centers (auto/truck), warehouse, industrial hotel, banquet facilities, auto dealerships, motorcycle dealerships, grocery stores, and schools. This versatility makes it an attractive option for a variety of businesses and investors. The property also includes a digital advertising sign site, providing additional revenue potential. This is a rare opportunity to acquire a substantial property with significant upside in a prime Cook County location. The property is available for sale or lease. The address is 16475 Van Dam Rd, South Holland, IL 60473.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $24,996,658
    Hospitality
    $22,896,806
    Educational
    $19,049,874
    Medical
    $19,705,028
    Retail
    $29,633,136
16475 Van Dam Rd, South Holland, Illinois

Location Insight

City
South Holland
County
Cook
State
Illinois
Latitude
41.5957
Longitude
-87.5826
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$16,170
$27,144
$254
$27,398
-
$108,576
$1,016
$109,592

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