22400 Bohlmann Pkwy Land Parcel Site

Description:

This valuation analysis is presented by the Midwest Investment Advisors team with KW Commercial and Keller Williams ONEChicago

Land Parcel Breakdown



22400 Bohlmann Pkwy & 22450 Central Ave, Richton Park, IL



Total Land Area: 1,701,859 SF (39.07 Acres)


APNs: 31-32-200-014-0000 & 31-32-200-017-0000


Purchase Price: $855,000 ($0.50 per SF)




Zoning: BP (Business Park) – Village of Richton Park, IL



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.






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: an attractive factor for investors looking to hold the land while planning development.