LOT SIZE 250 X 242
MLS#12542268
STATUS(Bank Owned) - Active
PROPERTY TYPELand - Commercial
SCHOOLDistrict 227
Property Description
Presenting an unparalleled development opportunity at 20920 Governors Highway, Olympia Fields, IL. This 1.05-acre commercial parcel is zoned B-3 General Retail and Limited Service District, making it an ideal location for a range of commercial developments, including retail centers, financial institutions, medical offices, quick-service restaurants, and mixed-use projects. Positioned in a high-traffic corridor with 18,667 vehicles passing daily, this site offers exceptional visibility and accessibility for businesses looking to establish a strong presence in a rapidly growing market. Strategically located between Walgreens and Gordon Food Services, the property benefits from cross-access easements, ensuring seamless entry and exit for customers and deliveries. The flat, cleared lot is fully improved with water, sewer, electricity, and gas, providing a shovel-ready site for immediate development. Its prime frontage along Governors Highway enhances exposure, while its easy ingress and egress make it highly convenient for both customers and employees. Developers and investors will appreciate the strong local demographics, with 7,697 residents within a one-mile radius and a median household income of 73,302, ensuring consistent consumer demand. Additionally, a daytime workforce of over 5,000 employees creates further opportunities for businesses catering to professionals and local workers. With its B-3 zoning, this property is ideal for national retailers, medical facilities, professional office buildings, restaurants, and service-oriented businesses. Olympia Fields continues to experience strong commercial growth, making this an exceptional opportunity for developers seeking a high-exposure, investment-ready site in a well-established community. This is a rare chance to secure a premier development site in one of Cook County's most sought-after commercial corridors. Whether you're an investor, developer, or business owner, this property provides the perfect foundation for a successful commercial venture. Act now to secure this prime location.
Property Features
Property Type: Land - Commercial
Lot Size: 250 X 242
Feature Descriptions
Current Use: Commercial, Retail
Days on Site: 53
Frontage: 250
Frontage Type: City Street
Lot Dimensions: 250 X 242
Parcel#: 31231050160000
Road Surface: Asphalt
Township: Rich
Utilities: Electricity Nearby
Local Schools
School District: District 227
Listed By / Shown By
Listed By
Agency Name: MoHall Commercial & Urban Development
Agency Phone: 312-826-9925
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 314.65 per month $278.20 Principal & Interest $0.00 Property Tax (data not provided by mls) $36.46 Homeowner's InsuranceChange Payment Information
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20920 Governors Highway | MLS# 12542268
This land located at 20920 Governors Highway, Olympia Fields, IL 60461 is currently listed for sale with an asking price of $125,000. The property has approximately 250 X 242 Acres. Governors Highway is located within the District 227 school district. Search Olympia Fields real estate on www.bhhscrosby.com today.