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    440 Roberts Dr Glenwood, IL 60425

    Sponsored
    For Sale
    $1,350,000

    12-Unit Multifamily, High-Traffic Location

    Property size:
    12,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a well-maintained 12-unit commercial building situated on a half-acre lot at 440 N Roberts Drive in Glenwood, Illinois. The property boasts a total of 12,000 square feet and is priced at $1,350,000. Each unit offers spacious and comfortable living areas, abundant natural light, and ample closet space, ensuring tenant satisfaction and consistent rental income. The building's prime location along S. Halsted Street, a major north-south artery in the South Chicagoland suburbs, benefits from high traffic volume averaging 21,100 vehicles daily. This high visibility ensures easy access to a variety of retail options, commercial services, and more, enhancing the property's appeal and potential for strong rental demand. Glenwood itself is a thriving bedroom community, offering residents a convenient commute to Chicago and the surrounding areas. The property is adjacent to a planned redevelopment project focused on revitalizing Glenwood's commercial corridor, promising future growth and increased property value. This 12-unit building represents a compelling investment opportunity for those seeking a stable income stream in a desirable and rapidly developing location. The property's strong tenant occupancy, combined with its strategic location and the ongoing community improvements, makes this a truly attractive investment prospect.

    Property Features for 440 Roberts Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,000 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1974
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.63382
    Latitude
    41.5539

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    FAQs

    What type of property is this?
    Commercial real estate - 12-Unit Multifamily, High-Traffic Location
    Where is this commercial real estate located?
    The property is located at 440 Roberts Dr Glenwood, IL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (847) 492-9660
    Request Owner's contact information
    440 Roberts Dr Glenwood, IL 60425
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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
    440 Roberts Dr Glenwood, IL 60425
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