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Mixed-Use Building with High Ceilings
For Sale
$699,900

18240 Harwood Ave, Homewood, IL 60430

Bi-level masonry property with office, warehouse, loading, parking, and approved mixed-use redevelopment plans.

Property Size32,425 SF
Lot Size0.82 Acres
Price / SF$42.20
Days on Market121

Property Features for 18240 Harwood Ave

General Information

Standard status Active
Size 32,425 SF
Total Parking Spaces 20
Lot size 0.82 Acres
Property subtype Commercial
Zoning MIXED USE

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Warehouse & Industrial

Office Build-Out 3,000 SF
Drive-In Doors 3
Sprinkler System Yes

Amenities

kitchen/lunch area
signage area

Building Details

Year Built 1948
Buildings 1
Building Size 32,425 SF
Construction masonry
Listing Agency: Infiniti Properties, Inc.
Listed By: Ghalia Abu Arab · License #475145070
Source: Illianahomesource
Added: May 4 Changed: Aug 31 Last Checked: Aug 31 at 5:09PM

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 Infiniti Properties, Inc.

Investment Insights

Based on property information with market context.

This stand-alone masonry building in Homewood offers a bi-level configuration with 16,585 square feet on the main level and 15,840 square feet in the basement. The main floor includes approximately 3,000 square feet of office area, four private offices, a kitchen and lunch area, four bathrooms, shipping and warehouse space, a full fire alarm system, and sprinklers. Ceiling heights reach approximately 25 feet in the barrel-truss section and 16 feet in the flat-ceiling areas. Loading improvements include two ground-level drive-in doors, including one measuring 12 by 12 feet, plus a smaller side roll-up door and loading area.

The 35,689-square-foot site comprises three lots measuring 227 by 164.1 feet. A paved side parking area accommodates 20 cars, while the building provides substantial signage space and a classic facade. The property is located at 18240 Harwood Ave near the intersection of 183rd and Harwood Ave, with proximity to local highways and public transportation.

The village has rezoned the property for mixed use, with approval for a future layout containing approximately 17,000 square feet of divisible commercial or retail space on the lower level and 15 apartment units of approximately 900 to 1,000 square feet upstairs.

Key Highlights

  • 35,689‑square‑foot site across 3 lots, measuring 227 by 164.1 feet
  • 16,585 SF main level plus 15,840 SF basement in a bi‑level masonry building
  • Village‑approved mixed‑use plan for approximately 17,000 sq. ft. of commercial or retail space and 15 apartments

Property Analytics

Current Use

Spornette International Inc Industrial Manufacturer

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Restaurant Auto Parts Store Real Estate Agency Building Supply

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

Lease Details

3
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,179
Businesses Nearby

Demographics for 60430, IL

20,146
Population
7,662
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
6.9 sq mi
ZIP Area
2,920
Density / Sq Mi
$91,402
Median Household Income
$48,509
Median Earnings
$1,419
Median Rent
$209,100
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Bi-level masonry property with office, warehouse, loading, parking, and approved mixed-use redevelopment plans.
Where is this mixed-use property located?
The property is located at 18240 Harwood Ave Homewood, IL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 35,689‑square‑foot site across 3 lots, measuring 227 by 164.1 feet; 16,585 SF main level plus 15,840 SF basement in a bi‑level masonry building; Village‑approved mixed‑use plan for approximately 17,000 sq. ft. of commercial or retail space and 15 apartments
More about this property
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