This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$65,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
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.
Full Property Details
Full Property Details for 20920 Governors Hwy
General
- Sold For: $65,000
- Taxes: (2023)
- Status: Closed
- Type: Lots/Land
- Source: MRED
- MLS ID: 12542268
- Added to Site: 212 day(s) ago
Location
- Area: Olympia Fields
- County: Cook
- Driving Directions: From I57, exit onto Governors Hwy. Proceed east on Governors Hwy for approximately 0.5 miles. The vacant lot is located on the 20920 block.
School Information
- School District: 162
- Midd School District: 162
Utilities
- Onsite: Electricity Nearby
Structural Information
- Current Bldg. Use: Commercial, Retail
Lot Features
- Lot Size (Sq. Ft.): 45,738
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 250 x 242
- Frontage: City Street
- Frontage Feet: 250
- Street/Road Desc.: Asphalt
- Zoning: COMMR
Financial Considerations
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: REO/Lender Owned
- Property ID: 31231050160000
Listed by MoHall Commercial & Urban Development
Sold by Non Member
Get Pre-Approved Today
Schools
Schools serving 20920 Governors Hwy
| Name | Grades | Distance |
|---|---|---|
Arcadia Elementary School, Olympia Fields, IL 20519 Arcadian Drive, Olympia Fields, IL 60461 | K-4 | 0.7 mi |
Indiana Elementary School 165 Indiana Street, Park Forest, IL 60466 | 4-6 | 1.2 mi |
Illinois School 210 Illinois Street, Park Forest, IL 60466 | K-8 | 1.7 mi |
O W Huth Middle School 3718 213th Place, Matteson, IL 60443 | 7-8 | 0.6 mi |
Rich Township High School 3600 203rd Street, Olympia Fields, IL 60461 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20920 Governors Hwy
Date
Details
Price
Change
Source
7/15/2026
Sold
$65,000
-48%
MLS
1/07/2026
Listed
$125,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
20920 Governors Highway, Olympia Fields, IL 60461 (MLS# 12542268) is a Lots/Land property that was sold at $65,000 on July 15, 2026. Want to learn more about 20920 Governors Highway? Do you have questions about finding other Lots/Land real estate for sale in Olympia Fields? You can browse all Olympia Fields real estate or contact a Coldwell Banker agent to request more information.

