Newly updated Salon for sale or convert back to office space. New flooring (2020) recessed lighting (2020) and water lines for multiple shampoo bowls, hair stations or aesthetic stations (2020). Great for salon, office, retail, or medical. intersection with over 18,000 daily traffic count. Plenty of parking in the rear and additional storage shed.
**Prime Value-Add Commercial Opportunity in Midlothian** This property is located within a TIF district and enterprise zone and is eligible for incentives. Unlock the potential of this exceptional investment property located at **14400-46 South Crawford Ave., Midlothian**. Anchored by strong tenants such as the Illinois Department of Motor Vehicles, Sav-A-Lot Foods, and Family Dollar, this property boasts a current income of nearly 480,000 per year with significant upside potential, thanks to over 19,000 square feet of leasable space still available. ### **Key Highlights:** - **High Visibility & Traffic:** Positioned at a signalized intersection along Pulaski Road, seeing a robust **24,872 vehicles per day (VPD)**, with strong road frontage and multiple points of entry. - **Dense Population Base:** Surrounded by a thriving community, with **15,288 residents within 1 mile** and **267,225 within a 5-mile radius**. - **Exceptional Value-Add Potential:** Currently offered at a **9 cap **, with projections exceeding ** a 12 cap ** once fully leased, presenting a remarkable opportunity for long-term growth and high returns. With its **strategic location, strong tenant mix, and unparalleled value-add opportunity**, this property is ideal for savvy investors looking to maximize returns. Please note price reflects a 9 cap as more units are leased price will be adjusted Don't miss out on this high-yield commercial gem. **Contact us today** for additional information and to schedule a private showing!
Nothing to do but buy and have the income start coming in. Real Estate includes 3 lots, property has 6 offices, 2 bathrooms, kitchen area, reception area and plenty of parking (approx. 18 spots-not marked). Call to schedule a showing. This property is being sold "AS IS" by the South Suburban Land Bank & Development Authority (SSLBDA) and it is waiting for you. Please note the property is located in a floodway, flood insurance will be required. Schedule an appointment, create your plan & present your offer. What are you waiting for? This is it...don't miss it! (PLEASE READ CAREFULLY TO ENSURE A SUCCESSFUL SUBMISSION OF YOUR OFFER: The property must be marketed for 10 days in the MLS before offers will be reviewed. During this time you should schedule a showing and then submit your offer if interested. Offers received during the 10 day marketing period will be sent in first for evaluation and selection therefore, your offer should reflect your highest and best. All offers MUST be submitted using the following: 1) A specifically modified 7.0 sales contract & SSLBDA addendum 2) The SSLBDA application and scope of work form 3) A proof of funds letter. Please submit these THREE items separately and NOT as one PDF. Failure to provide these THREE files will result in your offer not being submitted for consideration as you WILL NOT be contacted regarding missing documents. Proof of funds must reflect an amount that is sufficient to cover the purchase of the property AND the projected rehab costs. Additionally, the proof of funds letter must reflect the buyer's name or the name of their business. Screenshots of bank accounts that do not reflect the buyer's name will NOT be accepted. Notification of contract selection can take place within 5 to 7 days AFTER the 10 day marketing period. Due to the volume of offers received, the party who's offer is selected will be the only one that is contacted. Parties who submitted offers should monitor the listing status for updates. Disclosures are unavailable.)
A totally updated from A-Z mixed-use commercial brick building & corner vacant land located in the heart of the Midlothian business district. fully leased, consists of a spacious hair salon with two bathrooms & an apartment unit in the back, with 15 parking spaces. The corner vacant lot with great exposure on high traffic 147th street is great for a national tenant, Starbucks, Dunkin Donuts, etc, Endless possibilities, including a possible second studio apartment unit in the salon area for future added income. new tuck point, new water heaters. multiple PIN numbers included (2810403004, 2810403005, 2810403006, 2810403007), legal address 4039-4041 & 4031-4037 W 147th Street. Over $100,000 of updates were recently done. Great income-producing property plus a great opportunity to build and develop the lot for your own business or for added investment income. An extra $300 a month was received for parking on the vacant lot. 147 feet frontage on busy 147th street. seller is willing to sell the vacant land for separately for $129,900 and the mixed used building for $329,900. THIS PROPERTY IS IN A TIF DISTRICT
Don't miss this prime investment opportunity. This brick mixed use income producing building has many options...owner occupied apartment with your own business downstairs, live upstairs and rent store front OR rent the 2nd floor, 1800sq ft apartment and storefront BOTH for maximum income. The huge deluxe apartment features, an open floor plan, high quality wood laminate floors, 3 large bedrooms, kitchen with island, spacious modern bathroom and washer/dryer hookup. Storefront is 1800 sq ft including custom built shelving, office, 8 tandem parking spaces and state of the art fire/police system. Easy show. Seller is willing to help with Buyer's closing cost! Call agent to view today!
+/- Freestanding 2,700sf building on a +/- 21,100sf site.The property has drive thru capabilities. Restaurant build out is still in place. The site is located at a 4-way isignalized ntersection on the SWC of 147th St & Kedzie Ave., Midlothian, IL. The site is just west of the I-57 and I-294 expressway entrance ramps. 147th St. and Kedzie Ave. are major arterial roads. The area is densely populated. Traffic counts at the intersection exceed 31,400 vehicles per day, 19,800 VPD along 147th St and 11,600 VPD on Kedzie. There is high daytime traffic in this business corridor. Property is For Sale or Lease. Brochure and Plat of Survey acccessed thru additional documents.
The median home value in Midlothian, IL is $213,700. 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 Midlothian, IL is $213,700. Approximately 74.09% of Midlothian homes are owned, compared to 22.13% rented, while 3.78% are vacant. Midlothian 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 Midlothian real estate agent to arrange a tour today!
Midlothian, Illinois 60445 has a population of 14,330. Midlothian 60445 is less family-centric than the surrounding county with 28.55% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Midlothian, Illinois 60445 is $58,011. 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 Midlothian 60445 is 37.5 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 38.4 inches per year, with 31.5 inches of snow per year.