2626 FLOSSMOOR Road, Flossmoor, IL 60422
COMMERCIAL - Flossmoor, IL
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 12:06 am
Property Features for 2626 FLOSSMOOR Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 31122020400000
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 22985
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Composition
Listing agent Keith Estrada License #475155280 (312) 335-3291
Listing office Jameson Sotheby's Intl Realty 425 W. North Ave. suite 1, Chicago, IL (312) 751-0300
Listing date Jun 8, 2026
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.
HighLights
- Brick mixed‑use building built in 1970 with central air and a composition roof
- Approx. 2,900 SF ground‑floor commercial space plus two 2nd‑floor 3‑bedroom/1.1‑bath units
- Each residential unit features hardwood flooring and in‑unit laundry
- 24' x 16' terrace for the 2nd‑floor units
- 10 parking spaces; commercial has separate furnaces and electric meters
- Natural gas available; commercial space can be restored to potentially support up to 4 unit incomes
Overview
Per the seller’s remarks, the first-floor commercial space was originally configured as two spaces, and those separate areas still exist. The commercial areas reportedly have separate furnaces and separate electric meters, which may support flexibility in how the space is operated or reconfigured. The building is located steps from downtown Flossmoor, shopping, and the Metra train station, and new residential development is going up across the street.
For tenants, owners, or investors seeking a live-work setup or a property that combines retail and residential income, the current configuration offers both street-level commercial space and upstairs apartments. The existence of separate mechanical and electric systems on the ground floor is a practical feature for an operator considering a re-tenanting or reconfiguration plan, including the possibility of restoring the commercial area to a four-unit income structure as noted in the remarks.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.0k | $30.00 |
| − Vacancy | −$8.7k | −$3.00 |
| EGI | $78.3k | $27.00 |
| − OpEx | −$29.4k | −$10.13 |
| NOI | $48.9k | $16.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flossmoor
- County
- Cook
- State
- Illinois
- Longitude
- -87.6807228
- Latitude
- 41.5423165
