725 University Parkway, University Park, IL
$ 450,000
Property Attributes
  • MLS#11470003
  • TypeLand
  • CountyWILL
  • CityUniversity Park
  • AreaUniversity Park
  • Zip60484
  • StyleCommercial
  • Taxes$ 2765
  • Price$ 450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size21.22 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Presenting 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.

Price History
8/14/2023 Listed $450,000

General Features

City University Park
County Will
Current Use Commercial
Days on Market 397
Directions University Parkway, West of South Western Avenue
Elementary School District 201U
High School District 201U
MLS Area University Park
Middle/Junior School District 201U
Percent Ownership Fee Simple
Possession Closing
Property Type Land
Property Type Land
Standard Status Active
Status Active
Street Name University
Tax Annual Amount 2765.22
Tax Year 2021
Township Monee
Utilities Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby, Well-Community
Waterfront Y/N No
Zoning COMMR

Interior Features

Street Suffix Parkway

Exterior Features

Frontage Length 716
Frontage Type City Street
Lot Dimensions 716X1354 APP
Lot Size Acres 21.22
Road Surface Type Asphalt


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 60484

AVG $190K
AVG $990
AVG 426
Data Provided by Inside Real Estate®