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    1488 Aberdeen St Chicago Heights, IL 60411

    Sponsored
    For Sale
    $231,481

    Three-unit office building, 2,516 sq ft.

    Property size:
    2,516 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    335
    This exceptional investment opportunity presents a three-unit executive office building located at 1488 Aberdeen St, Chicago Heights, IL 60411, in Cook County. The property, built in 1961, offers a total of 2,516 square feet of well-maintained office space, ideal for a variety of professional uses. The building's three individual units provide flexibility for multiple tenants or a single owner-occupier. The asking price is $231,481. Property taxes are currently listed as $0. This prime location in Chicago Heights offers convenient access to major transportation routes and local amenities, making it an attractive proposition for businesses seeking a well-established presence in a thriving community. The property is classified as both retail and office, offering versatility and potential for diverse income streams. This is a rare opportunity to acquire a well-situated, established commercial property at a competitive price. The property's size and layout make it suitable for a range of businesses, from small startups to established enterprises. Serious inquiries are encouraged to explore this promising investment further.

    Property Features for 1488 Aberdeen St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,516 SF

    Building Details

    Year Built
    1961
    Units
    3

    HighLights

    • Asking price: $231,481
    • Retail and office property totaling 2,516 square feet
    • Three units available
    • Built in 1961
    • Located in Chicago Heights, IL (Cook County), at 1488 Aberdeen St, zip code 60411.
    Property Profile Location Intelligence

    Current Use by Public Records

    IWDMCC Association Or Organization D Imamw Administrative ... City Government Office

    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
    Chicago Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.6425906
    Latitude
    41.5045296

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    FAQs

    What type of property is this?
    Office Property / Space - Three-unit office building, 2,516 sq ft.
    Where is this office property / space located?
    The property is located at 1488 Aberdeen St Chicago Heights, IL.
    What is the asking price?
    The asking price for this property is $231,481.
    What are key features of this property?
    This property features: Asking price: $231,481; Retail and office property totaling 2,516 square feet; Three units available
    Request Owner's contact information
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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
    1488 Aberdeen St Chicago Heights, IL 60411
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