Mixed-Use Development Building with
For Sale
$699,900
18240 Harwood Avenue, Homewood, IL 60430
COMMERCIAL - Homewood, IL
Property Size32,425 SF
Lot Size0.82 Acres
Price / SF$21.59
Days on Market50
Property Features for 18240 Harwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
KEDZIE TO 183RD, EAST TO HARWOOD, NORTH TO ADDRESS
Subdivision
Homewood
Standard status
Active
APN
29313120070000
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
47175
Utilities
Utilities
Water Available
Cooling system
Central Air
Amenities
fire alarm
Building Details
Year built
1948
Floors in Building
1
Number of units
1
Flooring type
Concrete, Varies, Tile, Carpet, Vinyl
Building materials
Brick
Roof type
Membrane
Listing Agency:
Infiniti Properties, Inc.
(708) 206-3000
Listed By:
Ghalia Abu Arab · License #475145070
(708) 206-3000
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 17 at 11:06PM
MLS# 12691308
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 development building features a bi-level design with a main level partially above grade and a basement level partially below grade. The property includes an existing build-out with approximately 3,000 SF of office space, 4 private offices, a kitchen lunch area, and 4 bathrooms, and it has been built as an office and shipping warehouse. Ceiling heights are approximately 25 ft in the barrel truss section and 16 ft in the flat sections. The building is supported by a full fire alarm and sprinkler system, with central air cooling, tile and concrete floors plus vinyl, varied flooring, and carpet, and a membrane roof. Construction is brick, and water is available.
Approved plans call for commercial/retail space downstairs with approximately 17,000 SF that is divisible, and 15 apartment units upstairs with each unit approximated at 900 to 1,000 SF, pending build-out. The current building footprint is reported as 16,585 SF on the main level and 15,840 SF in the basement. The site totals 35,689 SF and is comprised of 3 lots, with lot diameter noted as 227 x 164.1. There are two ground-level loading drive-in doors, including 1 DID sized 12 x 12, plus a small side roll-up door for delivery and a loading area. Side paved parking is provided for 20 cars. Zoning is COMMR.
Approved plans call for commercial/retail space downstairs with approximately 17,000 SF that is divisible, and 15 apartment units upstairs with each unit approximated at 900 to 1,000 SF, pending build-out. The current building footprint is reported as 16,585 SF on the main level and 15,840 SF in the basement. The site totals 35,689 SF and is comprised of 3 lots, with lot diameter noted as 227 x 164.1. There are two ground-level loading drive-in doors, including 1 DID sized 12 x 12, plus a small side roll-up door for delivery and a loading area. Side paved parking is provided for 20 cars. Zoning is COMMR.
Key Highlights
- Approved for mixed‑use build‑out with ~17,000 SF divisible commercial/retail downstairs and 15 apartments upstairs
- Existing structure reported as 16,585 SF main level plus 15,840 SF basement, bi‑level above/below grade layout
- Ceiling heights approx 25 ft in barrel truss section and 16 ft in flat sections
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
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 Multifamily 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?
Mixed-use property - Brick bi-level building zoned COMMR with office and warehouse space, plus approved mixed-use retail and apartments.
Where is this mixed-use property located?
The property is located at 18240 Harwood Avenue 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: Approved for mixed‑use build‑out with ~17,000 SF divisible commercial/retail downstairs and 15 apartments upstairs; Existing structure reported as 16,585 SF main level plus 15,840 SF basement, bi‑level above/below grade layout; Ceiling heights approx 25 ft in barrel truss section and 16 ft in flat sections
