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20920 Governors Highway

Olympia Fields, IL 60461
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Acres1.39

Acres(Lot)

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 full y 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.

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Detail Ic Property Details

Property Type : Land

Price : $125,000

AD Id : 72668905

MLS Id : MRD12542268

Lot Size : 1.39 Acres(Lot)

County : Cook

  • Map Map

Map

Feature Features

  • Lot Information

    Lot Dimensions: 250 X 242 Lot Size: 1.0-1.99 Acres

    Property Information

    Property Type: Land Sub Type: Land

  • Listing Price Information

    Original List Price:$125000

  • Tax Information

    Tax Year: 2023 Parcel Number: 31231050160000 Tax Exemption: None

  • Utility Information

    Electricity Nearby
  • Location Information

    City: Olympia Fields Direction: From I57, exit onto Governors Hwy. Proceed east on Governors Hwy for approximately 0.5 miles. The vacant lot is located on the 20920 block.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
20015 Delphi Drive, Olympia Fields, IL, 60461 $63,000 -- -- -- 0.43 Acre(Lot)
2904 Delphi Court, Olympia Fields, IL, 60461 $55,000 -- -- -- Acres (Lot)--
2908 Delphi Court, Olympia Fields, IL, 60461 $35,000 -- -- -- 0.25 Acre(Lot)
20001 Arquilla Circle, Olympia Fields, IL, 60461 $170,000 -- -- -- 0.00 Acre(Lot)
3221 Nottingham Court, Olympia Fields, IL, 60461 $37,500 -- -- -- 0.05 Acre(Lot)
2925 Dartmouth Lane, Olympia Fields, IL, 60461 $60,000 -- -- -- 0.34 Acre(Lot)
2935 Dartmouth Lane, Olympia Fields, IL, 60461 $60,000 -- -- -- 0.32 Acre(Lot)
3213 Nottingham Court, Olympia Fields, IL, 60461 $37,500 -- -- -- 0.05 Acre(Lot)
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ByOwner last updated this listing 07/19/2026 @ 06:20

MLS: MRED #12542268 LISTED BY: Moses Hall, MoHall Commercial & Urban Development 312-826-9925 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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