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    13341 Olde Western Ave Blue Island, IL 60406

    For Sale
    $375,000

    Commercial Sale - Blue Island, IL

    Property size:
    2,300 SF
    Days on Market:
    68
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for 13341 Olde Western Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    24364330030000
    Size
    2,300 SF

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1898
    Number of units
    2
    Flooring type
    Carpet, Marble, Wood
    Roof type
    Membrane
    Architectural style
    Other

    Remax 10 (708) 857-1500 [email protected]

    Listing agent Valentina Hatzelis (708) 857-1500 License #471004666

    Listing date Oct 7, 2025

    MLS# 12490564 Listing URL

    Copyright © 2025 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.

    Overview

    Blue Island Mixed-Use Building

    Located in historic Blue Island, this two-story mixed-use property presents an opportunity for business owners or investors. The property includes an adjacent lot and features a first floor currently leased to a hair salon and spa. The second floor contains an updated two-bedroom apartment with a private deck, which is also currently rented. Additional features include a full basement, a two-car garage with rear entry, and a fully fenced yard. The property is zoned COMMR and has a total size of 2300 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blue Island
    County
    Cook
    State
    Illinois
    Longitude
    -87.680922
    Latitude
    41.650233

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story building with retail and residential units in Blue Island.
    Where is this mixed-use property located?
    The property is located at 13341 Olde Western Ave Blue Island, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Income-generating property with existing leases on both the first-floor commercial space (hair salon and spa) and the second-floor apartment.; - Includes an extra adjacent lot, expanding the property's potential.; - Two-story building with an updated 2-bedroom apartment featuring a private deck.
    (708) 857-1500
    Request Owner's contact information
    13341 Olde Western Ave Blue Island, IL 60406
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    Blue Island, IL 60406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13341 Olde Western Ave Blue Island, IL 60406
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