List Search

534 Homan Ave
Park Forest, IL 60466

$467,590 USD

Land For Sale  •  4.37 AC

Property Details

  • Property Type Land
  • Lot Size 4.37 AC
  • Zoning R-1 and C-2
80 Transit Score
40 Walk Score

Description

3290 Lincoln Highway presents a prime development opportunity in Park Forest, IL, strategically located adjacent to the Metra Electric Line’s 211th Street Station. This transit-oriented site benefits from strong commuter traffic, with approximately 700 daily riders and direct service to Millennium Station in downtown Chicago. The property offers excellent regional connectivity, situated just 2.25 miles from I-57 via US Highway 30, and is supported by additional public transportation through a covered Pace Suburban Bus stop serving Route 362. Access is convenient from multiple directions, including Indiana Street and Lincoln Highway from the west, north, and east, and Homan Avenue from the south. The site is ideal for mixed-use or commercial development, with potential incentives such as Cook County Class 8 Economic Development benefits and Enterprise Zone advantages for qualifying projects. Sales price adjustments may be available for developments consistent with the municipality’s vision for high-quality, transit-oriented construction.

Highlights

Adjacent to Metra Electric Line’s 211th Street Station with service to downtown Chicago
Approximately 700 daily riders
2.25 miles to I-57 via US Highway 30
Pace Suburban Bus Route 362 with covered stop on-site
Cook County Class 8 and Enterprise Zone benefits available
Mixed-use, residential, or commercial development aligned with TOD vision

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
211th Street (Lincoln Highway) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 4 min 0.2 mi
Matteson Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min 16 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 38 min - 21.9 mi
Chicago O'Hare International 82 min - 43.8 mi
Hannah Breakey 708-283-5623 Village of Park Forest
Hannah Breakey 708-283-5623 Village of Park Forest