Commercial Space with Expansion
1531 Western Avenue Chicago Heights, IL 60411
For Sale
$275,000
Seven-unit commercial space on three acres with expansion opportunities.
Lot Size3.00 Acres
Days on Market304
Property Features for 1531 Western Avenue
General Information
Standard status
Active
Lot size
3.00 Acres
Property subtype
Commercial
Building Details
Year Built
1953
Listing Agency:
COLDWELL BANKER REALTY
(773) 451-1200
Listed By:
DONALD ROBINSON · License #475160883
Source:
Corcoran
Added: Sep 30, 2025
Changed: Jul 10
Last Checked: Jul 30 at 6:31AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 21000 Western Ave, Olympia Fields, IL 60461
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Frequently Asked Questions
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 Avenue 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.
