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Mixed-Use Building with Residential Units
New
For Sale
$399,000

3701 216th Street, Matteson, IL 60443

Commercial Sale, Matteson, IL

Property SizeContact for details
Lot Size0.14 Acres
Days on Market3

Property Features for 3701 216th Street

General Information

Property type Commercial Sale
Property subtype Other
Directions Rt. 30 to Main St. S to 216th St (W) to subject property.
Subdivision Matteson
Standard status Active
APN 31261080090000
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6243

Utilities

Utilities Natural Gas Available
Cooling system Window Unit(s), Central Air

Building Details

Year built 1887
Floors in Building 2
Number of units 4
Building materials Concrete, Wood, Frame
Listing Agency: ICandy Realty LLC
Listed By: Sandra Hannan
Added: Oct 20 Last Checked: Oct 22 at 9:06AM
MLS# 12790207

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.

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Investment Insights

Based on property information with market context.

This mixed-use property combines two office suites and two residential units in a two-story layout. The apartments include one two-bedroom, one-bathroom unit and one one-bedroom, one-bathroom unit. The ground floor also has two restrooms, and off-street parking is available. The building dates to 1887 and occupies a 0.1377-acre parcel.

The property is two blocks from the Metra and access to the Old Plank Trail. Cooling includes window units and central air, and natural gas is available.

Key Highlights

  • Two first‑floor office suites and two restrooms
  • Second floor has two apartments: one 2‑bedroom, 1‑bathroom and one 1‑bedroom, 1‑bathroom unit
  • Off‑street parking

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Kitchen & Bath Showroom Cafe & Coffee Shop Plumbing Service

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

2
Office units

Location Intelligence

Trade Area within ½ mile

381
Businesses Nearby

Demographics for 60443, IL

21,309
Population
8,672
Households
2.5
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
11.3 sq mi
ZIP Area
1,886
Density / Sq Mi
$93,941
Median Household Income
$57,463
Median Earnings
$1,377
Median Rent
$229,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two office suites and two apartments are arranged across separate floors, with off-street parking.
Where is this mixed-use property located?
The property is located at 3701 216th Street Matteson, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two first‑floor office suites and two restrooms; Second floor has two apartments: one 2‑bedroom, 1‑bathroom and one 1‑bedroom, 1‑bathroom unit; Off‑street parking
More about this property
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