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    25 E 16Th St Chicago Heights, IL 60411

    For Sale
    $1,199,000

    Commercial Sale - Chicago Heights, IL

    Property size:
    6,250 SF
    Days on Market:
    66
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 25 E 16Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    32204160160000
    Size
    6,250 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1974
    Number of units
    1
    Flooring type
    Carpet, Concrete, Tile
    Architectural style
    Other

    Village Realty (708) 478-1212 [email protected]

    Listing agent Ruben Vallejo (708) 478-1212 License #475130714

    Listing date Oct 1, 2025

    MLS# 12485605 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

    Former Bank Building in Chicago Heights

    This former bank building, situated on 1.5 acres in the central business district of Chicago Heights, offers 6,250 square feet with an additional 6,250-square-foot full basement, of which approximately 5,400 square feet is leasable and usable. The property is zoned MX2 (Mixed Use), a designation that supports a range of uses including retail, office, daycare, bank, or even residential conversion. New development is already planned in the area. The existing bank fixtures, including three safes, remain in place. The building features a large lobby area, training room, private offices with bathrooms, and a fully finished basement that includes a kitchen, multipurpose room, banquet room, and two additional bathrooms. The City of Chicago Heights is open to the possibility of adding apartments to the existing building. Additional features include solid masonry construction, ample parking, expansion land, a backup generator, an alarm system, security cameras, and over 800 amp, 3-phase service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Youth and Adult Center Youth Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.637205
    Latitude
    41.503157

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    FAQs

    What type of property is this?
    Bank - 6,250 SF former bank with full basement on 1.5 acres.
    Where is this bank located?
    The property is located at 25 E 16Th St Chicago Heights, IL.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: - MX2 (Mixed Use) Zoning in Central Business District allows for diverse uses and redevelopment potential.; - Large 6,250 SF building with a full basement (additional 6,250 SF, 5,400 SF leasable) on 1.5 acres.; - Former bank building with existing fixtures, including 3 safes, large lobby, training room, and private offices with bathrooms.
    (708) 478-1212
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    25 E 16Th St Chicago Heights, IL 60411
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    Chicago Heights, IL 60411
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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
    25 E 16Th St Chicago Heights, IL 60411
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