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Commercial Land with Existing Building
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473 Torrence Ave, Calumet City, IL 60409

Commercial parcel with an existing building and B - Commercial Business District zoning.

Property SizeContact for details
Days on Market143

Property Features for 473 Torrence Ave

General Information

Standard status Active
Property subtype Retail, Land
Listing Agency: CBRE - Chicago
Listed By: Brian Buckingham · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 5:12PM

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 CBRE - Chicago

Investment Insights

Based on property information with market context.

This commercial land offering encompasses 0.73 acres and includes an existing 914-square-foot building. The property is designated B - Commercial Business District and is located at 473 Torrence Ave in Calumet City, Illinois.

Key Highlights

  • 0.73‑acre commercial land parcel
  • Existing 914‑square‑foot building
  • B - Commercial Business District zoning

Property Analytics

Current Use

Philly Steak & Lemonade Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply HVAC Service Parking Lot & Garage

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

659
Businesses Nearby
57k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 71% Dining 29%
Dunkin' Donuts Dining
10,734 visits/mo 0.2 miles
Huntington Bank Shops & Services
9,037 visits/mo 0.1 miles
Citgo Shops & Services
8,518 visits/mo 0.5 miles
Shell Shops & Services
7,989 visits/mo 0.5 miles
BMO Harris Bank Shops & Services
4,485 visits/mo 0.2 miles

Demographics for 60409, IL

36,045
Population
16,868
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
88%
High-School Grad
7.7 sq mi
ZIP Area
4,681
Density / Sq Mi
$53,991
Median Household Income
$37,389
Median Earnings
$1,138
Median Rent
$133,600
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
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial parcel with an existing building and B - Commercial Business District zoning.
Where is this commercial land located?
The property is located at 473 Torrence Ave Calumet City, IL.
What are key features of this property?
This property features: 0.73‑acre commercial land parcel; Existing 914‑square‑foot building; B - Commercial Business District zoning
More about this property
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