Chicago Heights IL Commercial for Sale
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1893
- Baths:
- MLS#:
- 12212225
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Courtesy: Keller Williams Preferred Rlty
708-798-1111
ADDITIONAL INFORMATION
This all-brick 7-unit building is the perfect investment, ideally located within walking distance to public transportation, Heights Fresh Market, BMO Bank, the Chicago Heights Public Library, and City Hall. With over 6,000 square feet of space, the property is almost fully rented and delivers impressive cash flow with a Cap Rate of 13.8! The building offers a variety of units, including: 1 spacious 3-bedroom/2-bath apartment; 1 3-bedroom/1-bath apartment; and 5 cozy 1-bedroom units. Many of the units feature charming vintage hardwood floors, with some offering upgraded kitchens and bathrooms. For additional income, there is also a coin-operated washer/dryer in place. The property has seen numerous updates, including: New roof, tuck pointing, New lentils on the front facade, New carpet in the common areas. 3 new furnaces and 2 new water heaters. Each unit has individual heat, and tenants are responsible for their own gas and electric. The basement offers ample storage space, currently unused. The property also offers rear parking for up to 6 cars. While the building is in excellent condition, it is being sold as-is. Don't miss out on this rare opportunity to own a well-maintained, high-performing property that promises strong returns and long-term growth!
- Type:
- Other
- Sq.Ft.:
- 12,320
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1962
- Baths:
- MLS#:
- 12201797
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Courtesy: eXp Realty, LLC
888-574-9405
ADDITIONAL INFORMATION
Lease with Option to Buy and Seller Financing Available Expansive Warehouse with Office Space and Ample Land. A Diamond in the Rough! Unlock the potential of this impressive warehouse property, perfect for visionary investors, entrepreneurs, or businesses looking for a spacious facility with room to grow. Located in a prime industrial area, this expansive property offers a unique opportunity to transform a substantial space into a customized hub for your operations. Generous Warehouse Space: This enormous warehouse boasts a vast interior with high ceilings, providing ample room for storage, manufacturing, or distribution needs. Three Large Garage Doors: Enjoy the convenience of three oversized garage doors that facilitate easy access for large vehicles and equipment. Versatile Office Space: The property includes dedicated office space, ideal for administrative tasks, meetings, or client interactions. Customize this area to fit your business needs. Expansive Land: The surrounding land offers plenty of room for expansion, outdoor storage, or additional development, giving you the flexibility to tailor the space to your requirements. Opportunity for Renovation: This property is a canvas awaiting your vision. It requires significant work to bring it up to modern standards, making it an ideal project for those with a creative touch and a knack for renovation. Location: Conveniently situated in a well-connected industrial zone, this warehouse is easily accessible from major highways and transportation routes, enhancing logistical efficiency for your business operations. Potential Uses: Whether you're considering industrial use, warehousing, distribution, or even a creative redevelopment, this property provides the foundation for a range of possibilities. Seize this opportunity to make your mark on a substantial and adaptable space. Contact us today to schedule a viewing and explore how this warehouse can be transformed into your next successful venture!
- Type:
- Garage/Parking Space
- Sq.Ft.:
- 26,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.07 Acres
- Year built:
- 1975
- Baths:
- MLS#:
- 12193377
View additional info
Courtesy: xr realty
773-234-8155
ADDITIONAL INFORMATION
Vacant 26,000 square foot warehouse on an acre of land with multiple overhead doors, warehouse spaces and office with bathrooms. The zoning is B-3 and allows for multiple uses outside of warehousing check out the attachment for more info. The location is ideal off the railroad tracks on a quiet street with plenty of room for semi trucks. Cannabis use is allowed with a special use permit from Chicago Heights.
- Type:
- Mixed Use
- Sq.Ft.:
- 3,650
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1927
- Baths:
- MLS#:
- 12186470
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Courtesy: eXp Realty, LLC
888-574-9405
ADDITIONAL INFORMATION
Cash Buyer Special: Fire-Damaged 2-4 Unit Mixed-Use Building This solid brick/frame mixed-use property is a rare gem for investors! With a new roof, new windows, fresh tuckpointing, and some framing already done, it's primed for a profitable redevelopment. The first floor offers versatile business space perfect for a variety of uses, including salon suites, daycare, retail, office space, or other commercial ventures. To sweeten the deal, city-approved architectural plans will be included with strong offers, giving you a head start on the rehab process. Don't miss this high-upside opportunity! Proof of funds required with all offers. Contact us today to schedule a viewing and seize this incredible investment! Hashtags for SEO: #InvestmentOpportunity #MixedUseBuilding #FireDamagedProperty #CashBuyers #RealEstateInvestor #OffMarketDeals #CommercialSpace #MultiUnitProperty #HighROI #FixAndFlip #ValueAddProperty #ChicagoRealEstate #InvestInRealEstate #RehabProperty #CommercialRealEstate #RealEstateDevelopment #SalonSuites #DaycareSpace #BrickFrameBuilding #ArchitecturalPlans #RealEstateInvestment
- Type:
- Office
- Sq.Ft.:
- 6,800
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1976
- Baths:
- MLS#:
- 12154351
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Courtesy: First In Realty, Inc.
773-779-3473
ADDITIONAL INFORMATION
Excellent value priced at $40 PSF for an approximately 6800 SF building plus full functional basement with offices and restrooms located in Chicago Heights CBD on busy Halsted adjacent to SS Admin office, St James Wellness Center, and Prarie State College. Current build-out offers private offices, conference rooms, meeting rooms, kitchenette, and 5 restrooms. OHD in rear for indoor parking or access to rear. Ideal for many users including medical, fitness, professional office, non-profit organizations, retail, day care and more.
- Type:
- Other
- Sq.Ft.:
- 6,600
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1920
- Baths:
- MLS#:
- 12132732
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Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
Pleased to present an exceptional investment opportunity located at 40-44 W. Lincoln Highway, Chicago Heights, IL 60411. This offering comprises two prime retail/office properties: a 5,600 square foot building at 44 W. Lincoln Highway and a 1,000 square foot building at 40 W. Lincoln Highway, combining for a total rentable building area of 6,600 square feet. The properties sit on a substantial land area of 21,687 square feet and are zoned R-4, making them versatile for various commercial uses. An investor has the opportunity to backfill these spaces at a competitive lease rate of $15.60 per square foot NNN, thereby transferring the responsibility of property taxes, insurance, and common area maintenance (CAM) reimbursements to the tenants. This strategic leasing approach is projected to generate a pro forma year 1 net operating income (NOI) of $94,710, with an anticipated increase to $97,284 in year 2. The property is attractively listed at $915,000, offering a pro forma year 1 cap rate of 10.35%, which is expected to rise to 10.63% in year 2, presenting a lucrative return on investment. Market Highlights: Chicago Heights is a vibrant market with a strong economic foundation and robust commercial activity. The property benefits from an average daily traffic count of 22,780 vehicles per day (VPD) on W. Lincoln Highway and Aberdeen Street, ensuring high visibility and accessibility for tenants and customers alike. This high traffic volume significantly enhances the potential for foot traffic and business opportunities for any tenant occupying the spaces. The local demographic profile further strengthens the investment appeal. Within a five-mile radius, the average household income is $80,152, indicating a stable and affluent consumer base. Additionally, the area boasts an impressive consumer spending power, with total consumer expenditures reaching $1.658 billion within the same five-mile radius. This high level of disposable income and consumer activity underlines the area's economic vitality and potential for sustained business success. Chicago Heights is strategically located within the greater Chicago metropolitan area, providing convenient access to major highways and transportation networks. This connectivity not only benefits local businesses but also attracts a diverse tenant mix seeking to capitalize on the region's economic growth and commercial opportunities. Investment Potential: This investment not only promises strong financial performance through strategic leasing and tenant cost-sharing but also benefits from its prime location on Lincoln Highway, a major thoroughfare in Chicago Heights. The high traffic volume, affluent local population, and substantial consumer spending power create a fertile environment for business growth and tenant success. By acquiring this property, investors will be positioned to take advantage of the area's dynamic market conditions and secure a high-performing asset with excellent income potential and favorable lease terms. This offering represents a unique opportunity to invest in a property with robust financial projections, strategic location, and significant market demand in the thriving Chicago Heights area. Don't miss out on this opportunity to acquire a property with strong income potential and favorable lease terms in a bustling and economically vibrant community.
- Type:
- Other
- Sq.Ft.:
- 10,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1953
- Baths:
- MLS#:
- 12063871
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Courtesy: Magnus Company
708-414-0068
ADDITIONAL INFORMATION
10,000 SF of raw space ready for your ideas. Huge parking lot with a detached garage, Multiple HVAC systems in building. Fenced in rear parking area. Bring your ideas. Short term lease ok.
- Type:
- Business Opportunities
- Sq.Ft.:
- 3,822
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1979
- Baths:
- MLS#:
- 11993418
View additional info
Courtesy: Allied Housing LLC
773-209-8081
ADDITIONAL INFORMATION
Aprox. 3822 Sq. Ft. BLOCK BUILDING previously used as an AUTOMOTIVE REPAIR SHOP with 5 bays & 5 OVERHEAD DOORS. Approx. 500 Sq. Ft. OFFICE w/rest room & storage room above it.. There are 5 LIFTS, STORAGE RACKS and other various automotive equipment that is negotiable. The property is located on US Rt. 30 which has a very HIGH TRAFFIC COUNT.
- Type:
- General Commercial
- Sq.Ft.:
- 5,305
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1926
- Baths:
- MLS#:
- 11834841
View additional info
Courtesy: eXp Realty, LLC
888-574-9405
ADDITIONAL INFORMATION
Great value add opportunity. Potential to add significant value with a few updates and touches. Close to many shops and restaurants with a large parking lot and spacious units.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.85 Acres
- Year built:
- 1928
- Baths:
- MLS#:
- 11826189
View additional info
Courtesy: Foundry Commercial LLC
407-540-7718
ADDITIONAL INFORMATION
Buildings include: Church Building * Three 4,979 SF floors, including the basement level * Sanctuary seats 280 people with room for 30 in the balcony * Lower Level Fellowship Hall holds 100 people * The upper floor is a school which has five classrooms, one office and boys and girls washrooms * Fellowship Hall includes a stage and a kitchen with a serving window Rectory * Two 1,820 SF floors and a basement that is not included in the overall square footage * The first floor has a dining room, living room and kitchen * The second floor has five bedrooms, a bathroom and a common room Detached 2-Car Garage
- Type:
- Business Opportunities
- Sq.Ft.:
- 4,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.3 Acres
- Year built:
- 1978
- Baths:
- MLS#:
- 11689955
View additional info
Courtesy: Keller Williams Infinity
630-778-5800
ADDITIONAL INFORMATION
4,000 square foot metal building with 3 overhead doors. 1-14' door, 2-12'x12' doors. Fenced in yard for outdoor storage. Conveniently located near 57, 80, 94 and 294.
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Chicago Heights Real Estate
The median home value in Chicago Heights, IL is $194,000. 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 Chicago Heights, IL is $194,000. Approximately 54.97% of Chicago Heights homes are owned, compared to 31.51% rented, while 13.52% are vacant. Chicago Heights 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 Chicago Heights real estate agent to arrange a tour today!
Chicago Heights, Illinois has a population of 27,840. Chicago Heights is less family-centric than the surrounding county with 23.21% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Chicago Heights, Illinois is $54,870. 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 Chicago Heights is 35.6 years.
Chicago Heights Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 39 inches per year, with 28 inches of snow per year.