Oak Lawn IL Real Estate & Land for Sale

The site is located at the southwest corner of 87th St & Ridgeland Ave in a Major Shopping & Business District. Businesses along Ridgeland Ave include Jewel Food Store, Dunkin Donuts, Dollar Tree, Atheltico, and many other national and regional Businesses. Oak Lawn is a village in Cook County, Illinois, United States. The population was 58,362 at the 2020 census. Oak Lawn is a southwest suburb of Chicago, located southwest of the city. It shares borders with the city in two areas but is surrounded mostly by other densely populated suburbs.

GREAT LOCATION WHERE YOUR BUSINESS WILL BE SEEN. *28,500 VEHICLES PER DAY* CURRENT USE IS THE SUCCESSFUL LONGWOOD ARTS MEDICAL CENTER. THIS CAN BE AN INVESTMENT PROPERTY WITH SEVERAL TENANTS ALREADY IN PLACE. PURCHASER CAN EXPAND THEIR OWN PRACTICE/BUSINESS ENTIRELY INTO THIS WELL ESTABLISHED NEIGHBORHOOD MEDICAL/OFFICE COMPLEX OR BUILDING CAN BE TORN DOWN AND REDEVELOPED.

Spacious premium lot zoned multi family; Lot is 110'x132.79'. Can build one larger structure or 2 buildings. One can build 2 two flats with no variances or a 4 unit. Can have approximately 9 units for condos or apartments with a variance. Or about 6-8 townhouses, again with a variance. It is 3.5 lots & 10' of rear vacated alley. There are three separate pins: 24-03-160-47-0000; 028, & 029. South lot is 60'x133' & north lot is 50'x133'. Existing house & garage are occupied by a good cooperative tenant on a month-to-month basis ($2,250/mo.). House is 24.3'x44.4' (1,079 sq.ft). Garage is 16.4'x36.4'. Tenant is willing to stay until the project is ready. Owner has some potential plans (9 units) that are possible to use here. Owner is willing to cooperate to assist with the village if needed. This pocket west of the Hospital is almost all multifamily. There is a condo project of 10 units to the South. Most of the rest of Kolmar Av. is 2-3 units buildings. Showings are ok but preferred after any questions or due diligence but either way no problem to show, can show inside. If walking the lot, please let us know so we can alert the occupants

Outdoor parking, 1 of 11 spaces in Oaks Edge Condominiums