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$ 65,000
$ 125,000 48.0%
Est. payment /mo
Sold on 07/15/2026
20920 Governors HWY Olympia Fields, IL 60461
UPDATED:
Key Details
Sold Price $65,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12542268
Sold Date 07/15/26
Tax Year 2023
Lot Dimensions 250 X 242
Property Sub-Type Land
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.
Location
State IL
County Cook
Area Olympia Fields
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electricity Nearby
Schools
School District 162 , 162, 227
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Moses Hall of MoHall Commercial & Urban Development
Bought with Non Member of NON MEMBER
Bought with Non Member of NON MEMBER
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