Property summary
This exceptional investment opportunity in Harvey, Illinois presents a 2,400 square foot freestanding commercial building situated on a 0-acre lot at 256 E 157th Street. Previously operating as a combined liquor store and grocery store, this property offers significant income potential. A one-bedroom apartment is included, providing additional rental income streams. The building has undergone several key improvements in recent years, enhancing its value and functionality. These upgrades include a new roof installed in 2016, a complete replacement of the copper piping, and updated electrical and plumbing systems. This ensures the property is well-maintained and ready for immediate occupancy. The property is being sold "as is," presenting a unique chance for a savvy investor to capitalize on its existing cash flow and further increase its value through potential renovations or lease adjustments. This is an ideal acquisition for cash buyers seeking a strong return on investment in a growing market. Serious inquiries from pre-approved buyers are encouraged, with cash offers given preference. The property's prime location and solid foundation make it a compelling investment prospect. Don't miss this chance to acquire a profitable commercial property with significant upside.
Property profile
VerifiedCap rate & NOI
Current use
-
Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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