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22400 Bohlmann Parkway, Richton Park, IL 60471

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For Sale

$855,000

Estimated Payment

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APR for 30 years

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22400 Bohlmann Pkwy & 22450 Central Ave, Richton Park, IL Total Land Area: 1,701,859 SF (39.07 Acres) APNs: 31322000140000 & 31322000170000 Purchase Price: $855,000 ($0.50 per SF) Zoning: BP (Business Park) - Village of Richton Park, IL Investment Highlights Proximity to Growth: Adjacent to Central Avenue, Richton Park's newest mixed-use development corridor, positioning the land for future retail, commercial, and industrial use. Infrastructure Ready: Utilities are readily available, streamlining the development process. Environmental & Stormwater Planning Underway: CMAP, FEMA, and the Army Corps of Engineers (ACE) are engaged in stormwater boundary revisions and future management planning to enhance and expand developable green spaces. Diverse Development Opportunities: The portfolio offers flexibility for retail, commercial, and industrial projects, catering to the evolving needs of the Richton Park market. Low Carrying Costs: 2023 Real Estate Taxes: $2,468.22-an attractive factor for investors looking to hold the land while planning development. This prime land portfolio presents an exceptional opportunity for developers and investors seeking affordable, strategically located acreage within a high-growth area. Positioned for future economic expansion, these parcels offer scalability, investment flexibility, and access to municipal incentives that enhance their long-term value.
MLS# 12340526

Courtesy Of Keller Williams Chicago ONEChicago

(312) 216-2422

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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