Mixed-Use Building with
6906 West 111th Street Worth, IL 60482
New
6906 West 111th Street, Worth, IL, 60482
Contact for pricing
For Sale
Contact for pricing
Mixed-use property includes a storefront pub with an outdoor patio, plus three apartments and 20+ parking spaces.
Property Size5,400 SF
Price / SF$175.91
Days on Market5
Property Features for 6906 West 111th Street
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1973
Listing Agency
Infiniti Properties Inc
(708) 856-5100
Listed by
Rima Odeh · License #475102798
Source
Crexi
Added: Jul 17 Updated: Jul 20 at 4:17 am Checked: Jul 20 at 4:17 am
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 Infiniti Properties Inc
Investment Insights
Based on property information with market context.
This mixed-use building for sale includes three apartments and a storefront with an outdoor patio. The residential units feature two bedrooms and 1.1 baths, with each unit offering a kitchen with dishwashers and in-unit washer and dryers. The apartments have been freshly painted and are described as being in excellent shape, and the building has a newer roof and updated exterior paint.
Located in the heart of the Worth business district on busy 111th Street, the property also includes a large parking lot with 20+ spaces. The current ground-floor use is a reputable pub.
The two-year-old A/C units are noted in the seller’s remarks, and the roof replacement is also referenced. Leases for the apartments are stated to expire in 04/2027. Building for sale only. Two pin numbers are listed: 24183070470000 and 24183070480000.
Located in the heart of the Worth business district on busy 111th Street, the property also includes a large parking lot with 20+ spaces. The current ground-floor use is a reputable pub.
The two-year-old A/C units are noted in the seller’s remarks, and the roof replacement is also referenced. Leases for the apartments are stated to expire in 04/2027. Building for sale only. Two pin numbers are listed: 24183070470000 and 24183070480000.
Key Highlights
- Mixed‑use building in the Worth business district with a storefront pub and outdoor patio plus 3 apartments
- 3 apartments: (2) 2‑bedroom units and (1) 1‑bedroom unit with 1.1 baths total; each includes a kitchen, dishwasher, washer & dryer
- Pub business and apartments supported by 20+ parking spaces on site
Local Financial Insights For Retail
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 | $116.6k | $21.60 |
| − Vacancy | −$9.6k | −$1.77 |
| EGI | $107.1k | $19.83 |
| − OpEx | −$32.1k | −$5.95 |
| NOI | $75.0k | $13.88 |
5,400 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,396 @ 7.0% cap · market cap 9.52%
Second Best
Retail
$1.07M
$936.9K – $1.25M
NOI $74,953 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,506 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Melinda's Pub
Nightclub
Emma's
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Mixed-use property includes a storefront pub with an outdoor patio, plus three apartments and 20+ parking spaces.
Where is this triplex located?
The property is located at 6906 West 111th Street Worth, IL.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Mixed‑use building in the Worth business district with a storefront pub and outdoor patio plus 3 apartments; 3 apartments: (2) 2‑bedroom units and (1) 1‑bedroom unit with 1.1 baths total; each includes a kitchen, dishwasher, washer & dryer; Pub business and apartments supported by 20+ parking spaces on site
