For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

1531 Western Ave Chicago Heights, IL 60411

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$275,000

Seven-unit commercial space on three acres with expansion opportunities.

Property Features for 1531 Western Ave

General Information

Standard status
Active

Building Details

Year built
1953

We can help!

Listing Contact
Donald Robinson
Source: Corcoran

Listing Agency: COLDWELL BANKER REALTY Listing Agent: Donald Robinson

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

Learn more


Overview

Commercial Space with Expansion Potential

This commercial space features seven units and is situated in a high-traffic area. The property spans more than three acres, offering potential for expansion. Current tenants include Harold's Chicken, a cell phone store, and hair businesses. The site provides 40 parking spaces and central air conditioning. The property's location and size present opportunities for various ventures, such as a mixed-use development, an RV park, storage facilities, or additional restaurants. The property is being offered with a proforma cap rate of 15 before improvements.
Location Intelligence

Current Use by Public Records

Elli African Hair ... Hair Salon

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Similar Places Nearby

Quick-Tag, Cheap cigarette shop, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, D'Amico Plaza

Location Insight

  • Map
  • Local Demand
City
Chicago Heights
County
Cook
State
Illinois
Longitude
-87.6737874
Latitude
41.5029698

FAQs

What type of property is this?
Shopping center - Seven-unit commercial space on three acres with expansion opportunities.
Where is this shopping center located?
The property is located at 1531 Western Ave Chicago Heights, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: - High-traffic location with over 3 acres for expansion.; - 7-unit commercial space with long-term tenants such as Harold's Chicken.; - 15% proforma cap rate before improvements.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message