A developer is paying $1.7 million for 72 acres south of Interstate 80 and Harlem Avenue in Tinley Park that the village recently bought from Lincoln-Way High School District 210.
Tinley Park is selling 72 acres at the southwest corner of Harlem Avenue and 191st Street that it recently bought from Lincoln-Way High School District 210.
The sale agreement with GSP calls for an initial deposit of $50,000, with the company having until June 1 to do an evaluation of the site. An appraisal of the property in 2020 for District 210, by Chicago-based Appraisal Associates, noted that 23 of the total 72 acres of the site are considered developable, and estimated the market value for the 72 acres at $1.55 million.
District 210, in June 2017, approved a sale agreement with the Wisconsin-based retailer to sell the property for about $4.6 million, which planned a 240,000-square-foot store as well as ancillary uses such as a gas station and car wash.
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