Homewood IL Commercial for Sale

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Type:
Other
Sq.Ft.:
18,200
Status:
Active
Beds:
n/a
Year built:
1985
Baths:
MLS#:
12180539

ADDITIONAL INFORMATION

For Sale or Lease! Multiply units available for lease. Currently 2 units available with over overhead doors. Lease rate varies depending on spaces available - lease rates start at $17.50 per ft yr. Or purchase this multi-tenant building with long term lease with Cannabis Dispensary. Building is divided into 8 separate offices with 3 units having overhead drive-in doors to the rear providing a unique office/storage feature for contractors or distributors. Building located in M-1, manufacturing zoning which offers many options for occupancy - office, contractor shop, distribution, tattoo shop, medical - contact the Village for all approved uses. New TPO rolled roof installed August 2023. Located just a few blocks from soon to open Homewood Casino.

Type:
Mixed Use
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1937
Baths:
MLS#:
12165609

ADDITIONAL INFORMATION

Word is out in "Home Sweet Homewood" as area is transforming as Homewoods Kedzie Gateway into the village, with significant commercial expansions and redevelopments (2 retailers) and new outlots (Starbucks) a block away. Homewood and Hazel Crest are business-friendly and actively support economic growth, ensuring this location will become a bustling hub of activity. Ownership truly believes this may be a once in a lifetime opportunity and is willing to stay involved "Home Sweet Homewood Forever" as owner/developer long term, with a willingness to partner and co-develop. Multiple village incentives are available. Key Features: * Prime Commercial Location: Minutes from essential amenities, top-rated schools / Homewood Flossmoor, shopping, and major highways (I-90/94 and I-294). * Nearby Attractions: Close proximity to Advocate South Suburban Hospital, H-F School District, the upcoming Wind Creek Casino (opening late 2024), and multiple golf courses. * Transportation: Easy access to Amtrak/Metra (2 miles/5 minutes). Endless Potential and options: * Indoor Commercial Place of Assembly * Retail and Multi-tenant Shopping Center (less than 5,000 sq ft) * Coworking Space * Medical or Professional Office * Restaurant/Bar * Motor Vehicle Sales/Service * Artisan Manufacturing, Assembly, Fabrication * Electric Vehicle Charging Station * Solar Energy Collection System Requirements: * Proof of Funds or Pre-Qualified Mortgage * Listing Agent has Ownership Interest * Located in a mid to upper class south suburb of Chicago. Area has high disposable income. Amazon built new fulfillment center 10 min north. New construction residential and mixed use have been built within the last 3 years. * The smart buyer will buy with other successful owners, are you ready to join them * Buyers working without an agent should contact listing agent directly to purchase and get a deal moving forward.

Type:
Condo
Sq.Ft.:
28,275
Status:
Active
Beds:
n/a
Year built:
1982
Baths:
MLS#:
12058359

ADDITIONAL INFORMATION

Opportunity is knocking. Original owners are parting with this fabulous brick, mixed-use building with 16 residential rentals (15 rented, 1 being readied) and 10 commercial rentals (10 rented). The property sits in the middle of Homewood's new Transit-Oriented Development Plan. Superb location with all conveniences right in the neighborhood: New Metra Station, restaurants, shopping, banking, post office, etc. A New Casino is being built in Homewood, Wind Creek Chicago Southland. The building has 25 gas and water meters with 26 electric meters. Each residential unit has separate furnaces and central a/c units. The commercial units have separate furnaces and central air units for each 1050 asq of office space. The building was built as condos with separate PINs (24) and none were ever sold. There is no separate pin for the parking lot. No HOA was ever established and no credit will be given. Selling all as one entity. Original owners have kept the rents very low for long-term tenants. If rents were at market value, gross rental income would be over $440k. Tenants pay all utilities: gas, electricity, and water. This includes the heat and air conditioning. The property has a private parking lot for 45+ cars with 2 being handicap spaces. Each floor has approximately 9,425 sq ft plus a full basement. The basement has a laundry room (2 washers, 3 dryers), half bath, storage for commercial and residential spaces, community room, several building storage rooms, and commercial space included with street level unit. See spec sheet and Homewood's TOD map under additional information. The property has multiple addresses ranging from 18106 - 18124. Do not disturb the tenants. Do not enter the commercial spaces.

Type:
Other
Sq.Ft.:
4,000
Status:
Active
Beds:
n/a
Lot size:
0.37 Acres
Year built:
1970
Baths:
MLS#:
11976073

ADDITIONAL INFORMATION

HOMEWOOD BUSINESS DISTRICT - Prime Commercial Property offers approx 4,000 sqft building on a spacious 0.37 Acre lot. Conveniently located along the Well-Traveled 183rd Street with Illuminated Signage, Capturing the Attention of over 17,000 Vehicles Daily on average. Versatility defines this space with possibilities including Professional Offices, Shared Work Hub Space, Retail Ventures, or Redevelopment Opportunity. Enhanced by the convenience of the adjacent municipal parking lot, your business gains Added Visibility. Situated less than 0.5 mile from the Homewood Train Station and Ravisloe Country Club, this Prime Location is in close proximity to a variety of Local Restaurants, Professional Buildings, Dunkin, Starbucks, Walts Food Center, and several other Local Businesses. Benefit from The Village of Homewood's Commitment to Economic Development and Redevelopment in this area, making it an Attractive Investment Opportunity with Strong Potential. Current taxes for this property are $0 since the seller and previous occupant is a non-profit entity.

Type:
Mixed Use
Sq.Ft.:
10,800
Status:
Active
Beds:
n/a
Year built:
1975
Baths:
MLS#:
11884888

ADDITIONAL INFORMATION

Single Level 10,800 SF Multiple Tenant Mixed Use Office Building with business tenants and 1 Residential 2 Bedroom, 1 Bathroom Apartment Tenant. Great Investment opportunity for owner-users/investors. Very well kept clean office building conveniently located in Downtown Homewood close proximity to the Metra Train Station, Starbucks, Aurelio's Pizza, and everything else Downtown Homewood has to offer. Close proximity to all major highways.

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Homewood Real Estate

The median home value in Homewood, IL is $237,000. 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 Homewood, IL is $237,000. Approximately 73.96% of Homewood homes are owned, compared to 20.43% rented, while 5.61% are vacant. Homewood 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 Homewood real estate agent to arrange a tour today!

Homewood, Illinois has a population of 19,716. Homewood is more family-centric than the surrounding county with 34.31% of the households containing married families with children. The county average for households married with children is 29.73%.

The median household income in Homewood, Illinois is $81,940. 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 Homewood is 39.2 years.

Homewood Weather

The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 39.1 inches per year, with 31.2 inches of snow per year.

Homewood Real Estate Market Conditions

  • Median sales price

    $237,000
    13.7% change since last quarter
  • # Active listings

    104
    30-day change

Homewood Schools and Demographics

Education near Homewood, IL

Metric City County
High School Graduates 95.96 87.97
College Degree - 2 year 9.42 6.73
College Degree - 4 year 42.89 40.75
Graduate Degree 13.64 12.01
Expenditures per Student 21,907 21,907
Students per Teacher 14 14

Elementary Schools near Homewood, IL

School Grades Students P/T Ratio ZIP
Arcadia Elementary School KG - 03 437 15.2 60461
Chateaux School PK - 05 294 15.8 60429
Flossmoor Hills Elementary School KG - 05 318 13.4 60422
Heather Hill Elementary School KG - 05 268 14 60422
Highlands Elementary School KG - 05 288 16.1 60429
Lincoln School PK - KG 164 27.3 60429
Mae Jemison School KG - 05 361 15 60429
Nob Hill Elementary School PK - 05 200 13.3 60478
Western Avenue Elementary School KG - 05 467 16.2 60422
Willow School PK - 02 568 13.8 60430
Winston Churchill School 03 - 04 368 11.8 60430
Woodland School 01 - 04 246 17 60429
Zenon J Sykuta School PK - 03 483 16.1 60478

Middle Schools near Homewood, IL

School Grades Students P/T Ratio ZIP
James Hart School 07 - 08 452 10.9 60430
Meadowview School 04 - 06 403 18.1 60478
Millennium School 05 - 06 469 14.2 60430
Parker Junior High School 06 - 08 878 13.9 60422
Southwood Middle School 07 - 08 344 13.2 60478
Warren Palm School 05 - 06 180 16.4 60429

High Schools near Homewood, IL

School Grades Students P/T Ratio ZIP
Hillcrest High School 09 - 12 1,014 14.2 60478
Homewood-Flossmoor High School 09 - 12 2,713 13.3 60422
Rich Central Campus High School 09 - 12 1,151 14.9 60461

Demographics near Homewood, IL

Metric City County
Neighborhood Type Suburban
Population 19,716 5,265,398
Population Density 3,780 5,572
Median Age 39.2 37.3
People per Household 2.7 2.5
Median Household Income 81,940 72,121
Average Income per Capita 35,145 41,706