20920 Governors Highway, Olympia Fields, IL 60461
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
20920 Governors Highway,Olympia Fields, IL 60461
$250,000
- 0 Acres
- Lots / Land
- Active
Listed by: moses hall
Office: mohall commerical & urban development
MLS#:12296813
Source:MLSNI
Price summary
- Price:$250,000
About this home
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.
Contact an agent
Home facts
- Listing ID #:12296813
- Added:362 day(s) ago
- Updated:February 21, 2026 at 11:45 AM
Schools
- High school:Fine Arts And Communications Cam
Finances and disclosures
- Price:$250,000
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 20920 Governors Highway
- New
$425,000Active4 beds 3 baths2,620 sq. ft.2509 207th Street, Olympia Fields, IL 60461
MLS# 12570924Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$385,000Active3 beds 2 baths2,107 sq. ft.31 Graymoor Lane, Olympia Fields, IL 60461
MLS# 12570486Listed by: KELLER WILLIAMS PREFERRED RLTY 
$260,000Active3 beds 3 baths2,141 sq. ft.Address Withheld By Seller, Olympia Fields, IL 60461
MLS# 12557191Listed by: COMPASS
$399,999Active4 beds 3 baths2,952 sq. ft.2433 Athens Road, Olympia Fields, IL 60461
MLS# 12557691Listed by: MARTTIELD PROPERTIES
$125,000Active0 Acres20920 Governors Highway, Olympia Fields, IL 60461
MLS# 12542268Listed by: MOHALL COMMERCIAL & URBAN DEVELOPMENT
$455,000Active4 beds 3 baths3,200 sq. ft.Address Withheld By Seller, Olympia Fields, IL 60461
MLS# 12546083Listed by: AXEN REALTY
$399,700Active4 beds 3 baths2,345 sq. ft.3451 Ithaca Road, Olympia Fields, IL 60461
MLS# 12538135Listed by: CHASE REAL ESTATE LLC
$324,000Pending4 beds 3 baths2,311 sq. ft.2724 Chariot Lane, Olympia Fields, IL 60461
MLS# 12542099Listed by: 26.2 REALTY, INC
$170,000Active3.1 Acres20001 Arquilla Circle, Olympia Fields, IL 60461
MLS# 12486455Listed by: HOFF, REALTORS
$350,000Active4 beds 3 baths2,343 sq. ft.20415 Doria Lane, Olympia Fields, IL 60461
MLS# 12514561Listed by: EIGHT TRIPLE EIGHT REALTY LLC
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.