Storage Development Land In Olympia Fields For Sale

Description

Self-storage development land for sale in Olympia Fields, Illinois.

The property includes approximately 7.13 acres and is located about 20 minutes from downtown Chicago.

The seller is positioning the site for a climate-controlled self-storage development.

Site details

• Approximately 3.5 acres identified for self-storage development
• Approximately 3.63 additional acres for potential boat and RV storage, access, drainage or related site use
• Anticipated approval for approximately 135,000 to 137,214 net rentable sq. ft.

The seller reports a population of approximately 165,000 within three miles, with many households earning more than $100,000 annually.

Current self-storage supply in the surrounding area is reported at roughly six sq. ft. per person.

Potential transaction structures include a conventional land purchase, seller financing, a joint venture or land banking arrangement.

Buyers should independently verify zoning, entitlement status, the stated rentable square footage, drainage requirements, access, utilities, environmental conditions, market demographics and any approvals required for self-storage or outdoor vehicle storage.

Additional site information is available upon request.