20920 Governors Highway, Olympia Fields, IL 60461 | MLS #12542268 | Berkshire Hathaway HomeServices Chicago
 
Listing provided courtesy of MoHall Commercial & Urban DevelopmentMREDas Distributed by MLSGrid- MLS# 12542268MLS Provider

20920 Governors HighwayOlympia Fields, IL 60461

Vacant Land
$125,000 Active

20920 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.

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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

44
Median Age
1,680
Population Density (per sq. mile)
64%
College Educated
$94,639
Estimated Median Income
1,625
Estimated Total Home Owners
127
Estimated Total Renters
93% / 7%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

20920 Governors Highway Market Data

Based on the last 30 days in this zip code

$372,089
Average List Price
$137
Average Price per Square Foot
2
Properties Sold
82
Average Days on Market
19
Properties for Sale
Calculations provided by Reliance Network

20920 Governors Highway History

Date Event Value Agent
1/13/2026Source: MRED Status Change
Active
1/8/2026Source: MRED Added to Database
January 08, 2026