Premier Residential Development Site

46-Acre Site Orland Park, IL 60467

46-Acre Site, Orland Park, IL, 60467
46-Acre Site, Orland Park, IL, 60467
FOR SALE
Property Type:
Residential Land Development
Amount:
$2,100,000
Last Verified:
Dec 13, 2023

Highlights

  • Cook County
  • Metra Southwest Services (SWS) train line located at 179th Street & Southwest Highway
  • Village of Orland Park is likely to support a 55+ Living Center Development
  • Utilities at the site
  • Potential R-4 Zoning

Description

This 46-acre site of vacant land available for potential residential development. The site is currently being annexed into Orland Park. Benefits to the site include economic incentives and a quality labor pool. Future expansion of I-80 to four lanes in each direction with a highway interchange that will the site and connect Will Cook Rd and Townline Rd.

This 46-acre property will soon be annexed into Orland Park. The site is visibly located just north of I-80.

Building Size: 0sq ft
Lot Size: 46.0 acres


Documents

46 Acre Sale Brochure

Map of 46-Acre Site, Orland Park, IL, 60467

Presented by:
SVN | Chicago Commercial

Request additional information
John Joyce, CCIM


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.