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1 Acre of Commercial Land for Sale in Olympia Fields, Illinois

20920 Governors Hwy, Olympia Fields, IL 60461

$250,000
1 acre
Active
Est $2,146/mo

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.

Location

Street address
20920 Governors Hwy
Community
Olympia Fields
School district
227
Elevation
689 feet
Coordinates
41.5092, -87.7118

Directions

From I57, exit onto Governors Hwy. Proceed east on Governors Hwy for approximately 0.5 miles. The vacant lot is located on the 20920 block.

Property details

Acreage
1.05 acres
Zoning
COMMR
MLS #
MRED 12296813
Posted

Parcels

  • 31231050160000

Details and features

Listing

Type
Land
Subtype
Other

Nearby schools

NameLevelDistrictDescription
Fine Arts and Communications CamHigh227

Listing history

DateEventPriceChangeSource
Feb 24, 2025New listing$250,000MRED
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This 1.05-acre property is located at 20920 Governors Hwy in Olympia Fields, IL 60461. The property is available for sale for $250,000 with a price per acre of $238,095.

  • Listed by MoHall Commercial & Urban Development, (312) 826-9925, Source

Checked 47 mins ago — Updated

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