Mixed-Use Commercial Flex
For Sale
$425,000
12522 Western Avenue, Blue Island, IL 60406
COMMERCIAL - Blue Island, IL
Property Size2,882 SF
Lot Size0.21 Acres
Price / SF$147.47
Days on Market152
Property Features for 12522 Western Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Western Ave. to 12522 south
Subdivision
Blue Island
Standard status
Active
APN
24254200270000
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
18143
Utilities
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1988
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Wood, Frame
Roof type
Composition
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Gustavo Ruvalcaba · License #475175238
(888) 574-9405
Added: Mar 2
Changed: Jul 13
Last Checked: Aug 1 at 7:06AM
MLS# 12581058
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial flex property totals 2,882 sq. ft. and is designed for combined business and residential use. The first floor includes office and retail space, supported by three oversized service doors for loading, deliveries, or service operations. An expansive exterior lot provides space for parking and storage.
The second floor features a large, separate apartment, with separate gas and electric meters allowing tenants to cover their own utilities. The property is zoned COMMR, supporting a range of commercial and mixed-use activity.
With a configuration that accommodates storefront and back-of-house functionality alongside an independent residential unit, the building can support immediate occupancy while also offering flexibility for future expansion or redevelopment.
The second floor features a large, separate apartment, with separate gas and electric meters allowing tenants to cover their own utilities. The property is zoned COMMR, supporting a range of commercial and mixed-use activity.
With a configuration that accommodates storefront and back-of-house functionality alongside an independent residential unit, the building can support immediate occupancy while also offering flexibility for future expansion or redevelopment.
Key Highlights
- 2,882 SF commercially zoned mixed‑use property with first‑floor office and retail space
- First floor includes a spacious office/retail layout plus three oversized service doors
- Expansive exterior lot with ample parking and storage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.4k | $22.68 |
| − Vacancy | −$4.6k | −$1.59 |
| EGI | $60.8k | $21.09 |
| − OpEx | −$27.4k | −$9.49 |
| NOI | $33.4k | $11.60 |
2,882 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$571.5K
$500.0K – $666.7K
NOI $40,003 @ 7.0% cap · market cap 9.41%
Second Best
Office B
$567.7K
$496.7K – $662.3K
NOI $39,738 @ 7.0% cap · market cap 9.35%
Theoretical Best
Office A
$995.0K
$870.7K – $1.16M
NOI $69,652 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60406, IL
24,011
Population
9,925
Households
2.4
Avg Household Size
36
Median Age
18%
College-Educated
82%
High-School Grad
5.4 sq mi
ZIP Area
4,446
Density / Sq Mi
$59,502
Median Household Income
$34,379
Median Earnings
$1,081
Median Rent
$166,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-story commercial property with office and retail space, service doors, and a separate apartment above.
Where is this flex space located?
The property is located at 12522 Western Avenue Blue Island, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,882 SF commercially zoned mixed‑use property with first‑floor office and retail space; First floor includes a spacious office/retail layout plus three oversized service doors; Expansive exterior lot with ample parking and storage
