Investors, developers, and small business owners: Don't miss out on this prime redevelopment opportunity at 1206 W 127th St, Calumet Park! This 1,959 sq ft commercial building, built in 1961, sits on a 2,500 sq ft lot and is ready for a complete gut rehab. Located between I-57 and I-94, this high-visibility property offers excellent access to major expressways and public transportation, including CTA and Metra Electric, making it convenient for commuters and clients alike. The building's strategic location in a growing commercial corridor is complemented by daily traffic counts of over 16,500 vehicles on nearby Ashland Ave, offering significant exposure to potential customers and tenants. The area is experiencing exciting revitalization with new developments, attracting businesses and residents, making this property a prime location for small business owners, service providers, and developers looking to expand or start a new project. As part of a Tax Increment Financing (TIF) district, developers may also benefit from financial incentives for redevelopment, further enhancing the appeal of this investment. Whether you're envisioning retail, office spaces, or a mixed-use development, the possibilities are endless. The surrounding community includes local businesses, schools, and a growing residential population, offering a built-in customer base for future businesses. This is your opportunity to invest in Calumet Park's rising commercial market and build a property that serves the evolving needs of the area. Property sold as-is. Bring your architect and contractor to explore the limitless possibilities.
9+ CAP - Exclusive opportunity to purchase these multi-family investment properties located at 12619 and 12623 S Lincoln Street in Calumet Park, IL. The Property consists of two adjacent two-story brick buildings and contains sixteen (16) residential units comprised of eight (8), 2-Bedroom/1-Bathroom unit and eight (8), 1-Bedroom/1-Bathroom units with 13,500 square feet of living area in 15,000 square feet of total area on a combined 0.26-acres of land. The Property is situated along S Lincoln Street in the center of a dense residential neighborhood and 0.3-miles from W 127th Street, a heavily travelled commercial corridor and 0.8-miles from Western Avenue, the area's primary North-South roadway and commercial corridor. The location offers convenient access to grocers, restaurants, retail amenities, and outdoor activities. 12619 and 12623 S Lincoln Street are ideally positioned for commuters with quick and convenient access to public transportation including Metra commuter rail service on the Metra Electric and Rock Island District lines, bus service on CTA and Pace bus lines, as well as Interstate 57. Calumet Park is a city in the southern end of Cook County, 15 miles south of the Chicago Loop and offers convenient access to the city via Interstates and public transit.
9+ CAP - Exclusive opportunity to purchase the multi-family investment property located at 12619 and 12623 S Lincoln Street in Calumet Park, IL. These properties consists of two adjacent two-story brick buildings and contains sixteen (16) residential units comprised of eight (8), 2-Bedroom/1-Bathroom unit and eight (8), 1-Bedroom/1-Bathroom units with 13,500 square feet of living area in 15,000 square feet of total area on a combined 0.26-acres of land. The Property is situated along S Lincoln Street in the center of a dense residential neighborhood and 0.3-miles from W 127th Street, a heavily travelled commercial corridor and 0.8-miles from Western Avenue, the area's primary North-South roadway and commercial corridor. The location offers convenient access to grocers, restaurants, retail amenities, and outdoor activities. 12619 and 12623 S Lincoln Street are ideally positioned for commuters with quick and convenient access to public transportation including Metra commuter rail service on the Metra Electric and Rock Island District lines, bus service on CTA and Pace bus lines, as well as Interstate 57. Calumet Park is a city in the southern end of Cook County, 15 miles south of the Chicago Loop and offers convenient access to the city via Interstates and public transit.
Great investment opportunity. 8 STORES . GREAT Income producing property, Over 10% Cap Rate . Call listing Broker for details. the Garage section unit #7 is under planning to divide to two store fronts .
The median home value in Calumet Park, IL is $138,250. This is lower than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Calumet Park, IL is $138,250. Approximately 50.88% of Calumet Park homes are owned, compared to 33.65% rented, while 15.47% are vacant. Calumet Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Calumet Park real estate agent to arrange a tour today!
Calumet Park, Illinois has a population of 7,167. Calumet Park is less family-centric than the surrounding county with 24.3% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Calumet Park, Illinois is $52,696. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Calumet Park is 37.5 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 37.9 inches per year, with 31.6 inches of snow per year.