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    256 157Th St Harvey, IL 60426

    Sponsored
    For Sale
    $139,999

    Liquor Store, Apartment, Great ROI!

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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 Features for 256 157Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,400 SF

    Building Details

    Year Built
    1944
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.64166
    Latitude
    41.60436

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    FAQs

    What type of property is this?
    Commercial real estate - Liquor Store, Apartment, Great ROI!
    Where is this commercial real estate located?
    The property is located at 256 157Th St Harvey, IL.
    What is the asking price?
    The asking price for this property is $139,999.
    (708) 261-0479
    Request Owner's contact information
    256 157Th St Harvey, IL 60426
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    Harvey, IL 60426
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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
    256 157Th St Harvey, IL 60426
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