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 fully 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.
Active
$250,000
20920 Governors Hwy, Olympia Fields, IL 60461
--beds
--baths
1.39Acres
Unimproved Land
Built in ----
1.39 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High-traffic corridorCross-access easementsFlat cleared lotEasy ingress and egressExceptional visibility and accessibility
- 168 days
- on Zillow |
- 41 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 28, 2025 at 10:06pm
Listing courtesy of:
Moses Hall 312-826-9925,
MoHall Commercial & Urban Development
Source: MRED as distributed by MLS GRID,MLS#: 12296813

Travel times
Facts & features
Property
Features
- Frontage length: 250
Lot
- Size: 1.39 Acres
- Dimensions: 250 X 242
Details
- Parcel number: 31231050160000
- Zoning: COMMR
- Special conditions: Real Estate Owned
Utilities & green energy
- Utilities for property: Electricity Nearby
Community & HOA
Location
- Region: Olympia Fields
Financial & listing details
- Tax assessed value: $175,392
- Annual tax amount: $22,815
- Date on market: 2/24/2025
- Ownership: Fee Simple
- Road surface type: Asphalt
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