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  • $125,000

    20920 Governors Hwy, Olympia Fields, IL 60461

    --beds
    --baths
    1.39Acres
    Unimproved Land
    Built in ----
    1.39 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    202 days
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    62
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    4
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    Zillow last checked:

    Listing updated:

    Listed by:

    Moses Hall, AHWD,CCIM 312-826-9925,

    MoHall Commercial & Urban Development

    Source: MRED as distributed by MLS GRID,MLS#: 12542268MLS Logo

      Facts & features

      Property

      Features
      • Frontage length: 250
      Lot
      • Size: 1.39 Acres
      • Dimensions: 250 X 242
      Details
      • Parcel number: 31231050160000
      • Zoning: COMMR
      • Special conditions: Real Estate Owned

      Utilities & green energy

      • Utilities for property: Electricity Nearby

      Community & HOA

      Location
      • Region: Olympia Fields

      Financial & listing details

      • Tax assessed value: $175,392
      • Annual tax amount: $22,815
      • Date on market: 1/8/2026
      • Ownership: Fee Simple
      • Road surface type: Asphalt

        Foreclosure details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,846/mo

        Price history

        Price history is unavailable.

        Public tax history

        YearProperty taxesTax assessment
        2024-- --
        2023-- --
        2022-- --
        2021-- --
        2020-- --
        2019-- --
        2018$22,815 +3.4%$43,848
        2017$22,056 +18.7%$43,848 +18.5%
        2016$18,588 +0.3%$37,016
        2015$18,529 +2.3%$37,016
        2014$18,110 +171.4%$37,016 +147.5%
        2013$6,673 $14,953
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 60461

        Getting around

        66 / 100
        Somewhat Walkable
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 162

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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