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Mixed-Use Building with Apartments
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127 W Taylor Street, Grant Park, IL 60940

Combines residential units with office and light warehouse space in one multi-component commercial building.

Property SizeContact for details
Days on Market155

Property Features for 127 W Taylor Street

General Information

Standard status Active
Property subtype Mixed Use
Zoning OTHER

Building Details

Year Built 1920
Stories 2
Units 5
Listing Agency: McColly Bennett Real Estate Bourbonnais
Listed By: Greg Leutloff · License #IL 475122665
Source: Crexi
Added: Mar 29 Changed: Aug 30 Last Checked: Aug 30 at 9:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McColly Bennett Real Estate Bourbonnais

Investment Insights

Based on property information with market context.

This mixed-use building in Grant Park, Illinois, combines five apartments with approximately 3,000 SF of office area and 5,449 SF of light warehouse space. The residential component includes one three-bedroom unit, two two-bedroom units, and two one-bedroom units. Office and warehouse areas, along with apartments 1 and 2, use gas forced-air heat and central air; the other apartments have electric baseboard heat and window cooling units.

The office area is furnished with five workstations, including desks, chairs, phones, headsets, monitors, keyboards, computers, and a server. The right two-thirds of the building underwent a full renovation 17 years ago, including electrical, plumbing, and HVAC systems. Apartment interiors were updated individually. The structure was built in 1920, and the roof is 8-9 years old. Zoning is listed as OTHER.

Key Highlights

  • Five apartments: 1 three‑bedroom, 2 two‑bedroom, and 2 one‑bedroom units
  • Approximately 3,000 SF of office space plus 5,449 SF of light warehouse
  • Office furnished with 5 workstations, computers, phones, monitors, and server equipment

Property Analytics

Current Use

Metabolic Management (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Electrical Service Auto Repair Shop Dental Office Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

128
Businesses Nearby

Demographics for 60940, IL

3,246
Population
1,173
Households
2.8
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
76.7 sq mi
ZIP Area
42
Density / Sq Mi
$97,778
Median Household Income
$50,493
Median Earnings
$1,201
Median Rent
$244,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combines residential units with office and light warehouse space in one multi-component commercial building.
Where is this mixed-use property located?
The property is located at 127 W Taylor Street Grant Park, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Five apartments: 1 three‑bedroom, 2 two‑bedroom, and 2 one‑bedroom units; Approximately 3,000 SF of office space plus 5,449 SF of light warehouse; Office furnished with 5 workstations, computers, phones, monitors, and server equipment
(815) 929-9381 Call to check price and availability
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