534 Homan Ave - Commercial LAND FOR SALE


Park Forest, IL 60466 190,357 SF
$467,590 USD
708-283-5623
534 Homan Ave, Park Forest, IL for Sale
$467,590 USD
Commercial LAND - FOR SALE
1/1
190,357 SF

534 Homan Ave
Park Forest, IL 60466


HIGHLIGHTS

  • Adjacent to Metra Electric Line’s 211th Street Station with service to downtown Chicago
  • Approximately 700 daily riders
  • 2.25 miles to I-57 via US Highway 30
  • Pace Suburban Bus Route 362 with covered stop on-site
  • Cook County Class 8 and Enterprise Zone benefits available
  • Mixed-use, residential, or commercial development aligned with TOD vision

OVERVIEW

The property is owned by the municipality and offers a prime development opportunity adjacent to the Metra Commuter Line, which serves approximately 700 daily riders from this location with direct service to Millennium Station in Chicago. Conveniently located just 2.25 miles east of I-57 via US Highway 30, the site sits next to the raised Metra station platform, providing easy access to downtown Chicago and intermediate stops along the Metra Electric Line, which runs between University Park and Millennium Station. Public transportation is further supported by a covered Pace Suburban Bus stop serving Route 362. Primary access to the property from the west, north, and east is via the intersection of Indiana Street and Lincoln Highway, with additional access from the south via Homan Avenue. The sales price may be adjusted based on development commitments that align with the municipality’s vision for transit-oriented development and high-quality construction. Potential incentives include Cook County Class 8 Economic Development benefits for commercial projects and Enterprise Zone benefits for both residential and commercial developments.

FOR SALE DETAILS

PRICE

$467,590 USD

PRICE/ACRE

$107,000/AC

PRICE/SF

$2 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

3290 Lincoln Hwy

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Mixed Use, Multi-Family, Hospitality, Apartment Units, Fast Food, Health Care, Restaurant, Storefront, Storefront Retail/Office

LAND ACRES

4.37 AC

LAND SF

190,357 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable

ZONING

R-1 and C-2

APN/PARCEL ID

31-23-412-038-0000

ASK ABOUT THIS PROPERTY

Hannah BreakeyVillage of Park ForestMore Info
708-283-5623

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Hannah BreakeyVillage of Park ForestMore Info
708-283-5623

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.