Transit-Oriented Commercial
For Sale
Contact for pricing
206 East 154th Street, Harvey, IL 60426
Vacant redevelopment site with an existing building and DB zoning across from the Harvey Metra Station.
Property Size2,869 SF
Price / SF$243.99
Days on Market157
Property Features for 206 East 154th Street
General Information
Standard status
Active
Size
2,869 SF
Property subtype
Land
Zoning
DB
Investment Type
Redevelopment
Building Details
Buildings
1
Listing Agency:
Matanky Realty Group
Listed By:
Terri Cox · License #471.0003588
(312) 337-1001
Source:
Crexi
Added: May 13
Changed: Oct 12
Last Checked: Oct 16 at 9:19AM
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 Matanky Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 0.29-acre vacant commercial land parcel includes a 2,869-square-foot former City Sports building. The property is zoned DB and offers a redevelopment setting suited to retail, medical, mixed-use, senior-focused, and service-oriented concepts identified in the property information.
The site is directly across from the Harvey Metra Station, which is part of a transit improvement project serving nearly 2,500 daily riders. Access to I-57 and I-294 adds regional connectivity. The property is approximately 2.5 miles from Amazon’s 855,000-square-foot fulfillment center in Markham and 0.2 miles from South Suburban Senior Housing, which reports a 1,500+ person waitlist.
The site is directly across from the Harvey Metra Station, which is part of a transit improvement project serving nearly 2,500 daily riders. Access to I-57 and I-294 adds regional connectivity. The property is approximately 2.5 miles from Amazon’s 855,000-square-foot fulfillment center in Markham and 0.2 miles from South Suburban Senior Housing, which reports a 1,500+ person waitlist.
Key Highlights
- 12,670 SF (0.29 AC) vacant commercial land parcel
- Includes a 2,869 SF former City Sports building
- DB zoning supports retail, medical, mixed‑use, senior‑focused, and service‑oriented redevelopment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,822
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,440
$796.4K
Cap Rate 7%
$568,886
$568.9K
Cap Rate 9%
$442,467
$442.5K
Market Conditions
NOI Build-Up for 2,869 SF
Gross rent
$62.0K $21.60/SF
− Vacancy
−$5.1K −$1.77/SF
EGI
$56.9K $19.83/SF
− OpEx
−$17.1K −$5.95/SF
NOI
$39.8K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,440
Cap Rate 7%
$568,886
Cap Rate 9%
$442,467
Alternative Uses
Best Use
Retail
$568.9K
$497.8K – $663.7K
NOI $39,822 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$990.5K
$866.7K – $1.16M
NOI $69,337 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 60426, IL
24,114
Population
10,870
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
77%
High-School Grad
7.7 sq mi
ZIP Area
3,132
Density / Sq Mi
$40,995
Median Household Income
$29,712
Median Earnings
$987
Median Rent
$88,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Vacant redevelopment site with an existing building and DB zoning across from the Harvey Metra Station.
Where is this commercial land located?
The property is located at 206 East 154th Street Harvey, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 12,670 SF (0.29 AC) vacant commercial land parcel; Includes a 2,869 SF former City Sports building; DB zoning supports retail, medical, mixed‑use, senior‑focused, and service‑oriented redevelopment
