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!
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!
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.
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
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.
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.
Looking to establish your own auto repair, car wash, or detailing business? Look no further! This prime corner location is ready for you. The property features spacious offices, convenient drive-in doors, secure fencing, a comfortable waiting area, multiple restrooms, and much more. Don't miss this opportunity to set up shop in a high-traffic area!
Looking to move your business or add another location? This is the ideal location for your retail, office, or service business. Property is zoned B-1 (business district). Located on a busy street with many other businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. If interested, please visit Cook County Land Bank website and submit an Initial Offer Application. Please be sure to check the Cook County Land Banks website for offer application deadlines.
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.
*ATTENTION TRUCK OWNERS/INVESTORS* Great location, near I-294, I-94, I-80 and I-57. 3.4 Acre, M-2 zoned lot, semi truck parking allowed. Truck repair shop (fits 6-8 trucks) with used oil heat. Office with 3 rooms, storage area, seperate drivers lounge. Yard space for parking approx 50-60trucks. Also on the property is a brick ranch (3 bedrooms, 1 baths) Live in it or rent for additional income. The whole property is under 24h survealance (32 cameras) led lights all over the parking area. No wetlands, Great location for trucking businesses, ABF Freight 2 minutes away, FedEx Freight 5 minutes, 6 minutes to XPO and Ford Motor Co. plant, close to United Rentals. A few truck parking spots are being leased already.
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.
Rare opportunity to purchase a large religious complex in South Suburban Cook County. Located on +/- 15.82 Acres at the corner of Torrence Ave and 223rd St, Sauk Village, IL. Comprised of the 37,200 sq ft Church and School, and 2,780 sq ft Convent with 1200 sq ft Steel utility building and additional accessory building for storage and equipment. Capable of seating an estimated 500 to 600 people in the Nave, it has the capacity for large assemblies and congregations. There are eight classrooms plus library and computer lab. Large areas previously used for preschool and kindergarten as well as a dining/recreation hall with a commercial kitchen. There is a well equipped playground on site. Expansive parking lots for 200 vehicles including 10 handicap spaces With 15.82 Acres there is significant open land area for outdoor sports or new development. To be sold in as-is condition.
46.81 Acres for Industrial use / Zoned M-2 for Truck Parking, Truck Terminal, Warehouse, Truck Repair, Retail-Commercial Sales & More Property has New Warehouse 12,300 sf Several Out Buildings Totaling 4,000sf New TIF and Class 8 are also on the table. Current use retail sales of Flower and Vegetables Green Houses are Negotiable. Sale of property contingent upon Seller securing new location. Seller Lease back open for discussion thru June 2025 Acres: 46.8 +/- Dimensions 781' x 2,609' / 2,039,243 Zoned: M-2 Real Estate Tax : $46,745.00 3 Phase Electric on site Easy Expressway access, Large Gravel Yard, Gas, Electric, 2-Wells & Septic, 3 Curb Cuts AREA DESCRIPTION: 30minutes south of Chicago 7 minutes I-80 . Lots of new development for Industrial use on the rise.
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.
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
1/2 ACRE WITH A 8000 SQ FT REPAIR SHOP AND OFFICE. LOFT AREA FOR EXTRA STORAGE ALSO. OWNER HAS BEEN THERE FOR OVER 16 YEARS. SELLER IS SELLING BUILDING AND LAND, LIFTS AND EQUIPMENT ARE EXTRA. 3000 SQ FT CAN IS CURRENTLY LEASED, COULD STAY OR LEAVE. PLEASE DON'T BOTHER THE EMPLOYEES. SHOWINGS BY APPOINTMENT ONLY. PROPERTY SURVEY IN ADDITIONAL INFORMATION. MAKE A GREAT STORAGE YARD FOR CARS, TRUCKS, AND RV, AND BOATS. GREAT MONEY MAKER.
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.
The median home value in Chicago Heights, IL is $163,000. 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 $163,000. 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 60411 has a population of 27,840. Chicago Heights 60411 is less family-centric than the surrounding county with 19.78% 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 60411 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 60411 is 35.6 years.
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.