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Retail Space
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20917-20923 S Western Ave, Chicago Heights, IL 60411

Commercial property designated for retail use in Chicago Heights.

Property Size14,025 SF
Days on Market141

Property Features for 20917-20923 S Western Ave

General Information

Standard status Active
Size 14,025 SF
Property subtype Retail

Additional Details

Cap Rate 6.5%
Listing Agency: Jameson Commercial Real Estate
Listed By: Mark Jones · License #IL 475107431
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 3:19PM

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 Jameson Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail property comprises 14,025 SF of commercial space and is offered for sale. The asset is identified for retail use, with a 6.50% CAP rate provided for evaluation.

The property is located at 20917-20923 S Western Ave in Chicago Heights, IL 60411.

Key Highlights

  • 14,025 SF retail property
  • 6.50% CAP rate
  • Located at 20917‑20923 S Western Ave, Chicago Heights, IL 60411

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

569
Businesses Nearby
294k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 36% Dining 29% Shops & Services 19% Groceries 12%
Walmart Superstores
105,359 visits/mo 0.2 miles
Food 4 Less Groceries
33,790 visits/mo 0.3 miles
McDonald's Dining
30,789 visits/mo 0.3 miles
White Castle Dining
19,322 visits/mo 0.3 miles
Wendy's Dining
16,926 visits/mo 0.4 miles

Demographics for 60411, IL

53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial property designated for retail use in Chicago Heights.
Where is this retail space located?
The property is located at 20917-20923 S Western Ave Chicago Heights, IL.
What are key features of this property?
This property features: 14,025 SF retail property; 6.50% CAP rate; Located at 20917‑20923 S Western Ave, Chicago Heights, IL 60411
(312) 751-0300 Call to check price and availability
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