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Commercial

725 University Pkwy

725 University Pkwy, University Park, IL 60484

Listing Price: $450,000

Lot Size
21.22 acres
Price/Acre
$21,206
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present an approximately 21.22-acre vacant land parcel located at 725 University Parkway in University Park, Illinois. The village of University Park is located approximately 30 miles south of Chicago’s downtown or Loop almost entirely in Will county and is one of the region’s few planned communities. The subject property is well-located within the Interstate 57 major industrial corridor, connecting the community to thriving and growing industry and employers within the area including Amazon. University Park is also home to Governors State University, a 4-year residential university, and is strategically adjacent to the planned South Suburban Airport (SSA) in nearby Peotone.
The subject property is currently zoned R-4 and is located adjacent to existing residential developments to the west, east and south, making this investment a great opportunity for retail use along University Parkway with the rear portions of the land set aside for multi-family, senior housing or community use. University Park’s proximity to an industrial corridor coupled with its frontage and the community’s desire for a difference suggests a zoning change would pave the way for an opportunity to better serve the community.
Here, a new investor has the opportunity to acquire a vacant parcel in an underserved but well-located community poised for growth, allowing for multiple development strategies.

Investment Highlights

  • Approximately 21.22 Acres of Vacant Land
  • 714 Feet of Frontage
  • Commitment from University Park to Re-Zone Frontage to B-2 Community Shopping
  • Community-Transforming Opportunity
  • Leveraging Governors State University (3,200 Students on 750 Acres) and Growing Industrial Base
  • Amazon Fulfillment Center in University Park
  • Located on Major Interstate Corridor; Adjacent to Planned South Suburban Airport as Major Freight Hub

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Financing By

Commercial

725 University Pkwy

Listing Price: $450,000

Lot Size
21.22 acres
Price/Acre
$21,206
Land Type
Land

Investment Highlights

  • Approximately 21.22 Acres of Vacant Land
  • 714 Feet of Frontage
  • Commitment from University Park to Re-Zone Frontage to B-2 Community Shopping
  • Community-Transforming Opportunity
  • Leveraging Governors State University (3,200 Students on 750 Acres) and Growing Industrial Base
  • Amazon Fulfillment Center in University Park
  • Located on Major Interstate Corridor; Adjacent to Planned South Suburban Airport as Major Freight Hub

Investment Overview

Marcus & Millichap is pleased to present an approximately 21.22-acre vacant land parcel located at 725 University Parkway in University Park, Illinois. The village of University Park is located approximately 30 miles south of Chicago’s downtown or Loop almost entirely in Will county and is one of the region’s few planned communities. The subject property is well-located within the Interstate 57 major industrial corridor, connecting the community to thriving and growing industry and employers within the area including Amazon. University Park is also home to Governors State University, a 4-year residential university, and is strategically adjacent to the planned South Suburban Airport (SSA) in nearby Peotone. The subject property is currently zoned R-4 and is located adjacent to existing residential developments to the west, east and south, making this investment a great opportunity for retail use along University Parkway with the rear portions of the land set aside for multi-family, senior housing or community use. University Park’s proximity to an industrial corridor coupled with its frontage and the community’s desire for a difference suggests a zoning change would pave the way for an opportunity to better serve the community. Here, a new investor has the opportunity to acquire a vacant parcel in an underserved but well-located community poised for growth, allowing for multiple development strategies.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Financing By

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