


20920 Governors HighwayOlympia Fields, IL 60461
Vacant Land20920 Governors Highway Overview
- Time on Site:
- 173 days
- Visits:
- 6
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.
20920 Governors Highway Facts & Features
- Type Vacant Land
Details
General
School Information
- School District: 227
Business Information
- Current Use: Commercial,Retail
Location/Region
- County Or Parish: Cook
- MLS Area Major: Olympia Fields
- Township: Rich
Tax Information
- Tax Year: 2023
General Information
- Ownership: Fee Simple
- Parcel Number: 31231050160000
- Property Type: Land
- Special Listing Conditions: REO/Lender Owned
- Zoning: COMMR
Interior
Beds/Baths
- Bathrooms Total: 0
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Frontage Length: 250
- Frontage Type: City Street
- Lot Size Dimensions: 250 X 242
- Road Surface Type: Asphalt
Waterfront/View
- Waterfront: No
General Information
- Utilities: Electricity Nearby
20920 Governors Highway Neighborhood
Community
60461 (Olympia Fields) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.20920 Governors Highway Monthly Cost
20920 Governors Highway Market Data
Based on the last 30 days in this zip code
20920 Governors Highway History
| Date | Value | Agent |
|---|---|---|
| 1/13/2026Source: MRED | Active |
|
| 1/8/2026Source: MRED | January 08, 2026 |



