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    17532 Dixie Hwy Homewood, IL 60430

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    For Sale
    $595,000

    7,500 SF retail strip center with 75% occupancy.

    Property size:
    7,500 SF
    Lot size:
    0.47 Acres

    Property Features for 17532 Dixie Hwy

    General Information

    Size
    7,500 SF
    Lot size
    0.47 Acres

    Source: Millennium Properties Real Estate Agent Susan B. Silver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Strip Center For Sale

    This 7,500 square foot retail strip center is available for purchase. The property has a 75% occupancy rate and generates in-place income. Tenants are responsible for covering the costs of heat, electricity, and scavenger services. The property benefits from ample parking and convenient access to the expressway. This property presents an opportunity for both users and investors. The land area is 25,265 square feet, which is equivalent to 0.58 acres. The zoning is classified as B-2. The location experiences a daily traffic count of 14,237 vehicles. Nearby retailers include Walmart, Target, Menards, Portillo’s, Jewel-Osco, and Home Depot.
    Insight Report Location Intelligence

    Current Use by Public Records

    United liquors Liquor Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Homewood
    County
    Cook
    State
    Illinois
    Longitude
    -87.6653959
    Latitude
    41.5707759

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    FAQs

    What type of property is this?
    Strip mall - 7,500 SF retail strip center with 75% occupancy.
    Where is this strip mall located?
    The property is located at 17532 Dixie Hwy Homewood, IL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - 75% occupancy with in-place income provides immediate return on investment.; - High traffic count of 14,237 vehicles daily ensures excellent visibility.; - Easy access to expressway enhances convenience for customers and tenants.
    (312) 338-3000
    Request Owner's contact information
    17532 Dixie Hwy Homewood, IL 60430
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    Homewood, IL 60430
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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
    17532 Dixie Hwy Homewood, IL 60430
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