Mixed-Use Commercial Flex
12522 Western Avenue Blue Island, IL 60406
For Sale
$425,000
COMMERCIAL - Blue Island, IL
Property Size2,882 SF
Lot Size0.21 Acres
Price / SF$147.47
Days on Market143
Property Features for 12522 Western Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 24254200270000
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 18143
Utilities
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1988
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Wood, Frame
- Roof type
- Composition
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Gustavo Ruvalcaba · License #475175238
(888) 574-9405
Added: Mar 2
Changed: Jul 13
Last Checked: Jul 23 at 11:06AM
MLS# 12581058
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial flex property totals 2,882 sq. ft. and is designed for combined business and residential use. The first floor includes office and retail space, supported by three oversized service doors for loading, deliveries, or service operations. An expansive exterior lot provides space for parking and storage.
The second floor features a large, separate apartment, with separate gas and electric meters allowing tenants to cover their own utilities. The property is zoned COMMR, supporting a range of commercial and mixed-use activity.
With a configuration that accommodates storefront and back-of-house functionality alongside an independent residential unit, the building can support immediate occupancy while also offering flexibility for future expansion or redevelopment.
The second floor features a large, separate apartment, with separate gas and electric meters allowing tenants to cover their own utilities. The property is zoned COMMR, supporting a range of commercial and mixed-use activity.
With a configuration that accommodates storefront and back-of-house functionality alongside an independent residential unit, the building can support immediate occupancy while also offering flexibility for future expansion or redevelopment.
Key Highlights
- 2,882 SF commercially zoned mixed‑use property with first‑floor office and retail space
- First floor includes a spacious office/retail layout plus three oversized service doors
- Expansive exterior lot with ample parking and storage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.4k | $22.68 |
| − Vacancy | −$4.6k | −$1.59 |
| EGI | $60.8k | $21.09 |
| − OpEx | −$27.4k | −$9.49 |
| NOI | $33.4k | $11.60 |
2,882 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$571.5K
$500.0K – $666.7K
NOI $40,003 @ 7.0% cap · market cap 9.41%
Second Best
Office B
$567.7K
$496.7K – $662.3K
NOI $39,738 @ 7.0% cap · market cap 9.35%
Theoretical Best
Office A
$995.0K
$870.7K – $1.16M
NOI $69,652 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fine Line Auto ...
Car Wash
FAQs
What type of property is this?
Flex space - Two-story commercial property with office and retail space, service doors, and a separate apartment above.
Where is this flex space located?
The property is located at 12522 Western Avenue Blue Island, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,882 SF commercially zoned mixed‑use property with first‑floor office and retail space; First floor includes a spacious office/retail layout plus three oversized service doors; Expansive exterior lot with ample parking and storage
