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    4039 147Th St Midlothian, IL 60445

    Sponsored
    For Sale
    $459,900

    COMMERCIAL - Midlothian, IL

    Lot size:
    0.37 Acres
    Days on Market:
    41
    Last Refresh:
    Jan 5 at 5:06 am

    Property Features for 4039 147Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    28104030040000
    Lot size
    0.37 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    2
    Building materials
    Brick

    Better Homes and Gardens Real Estate Connections (708) 295-6619 [email protected]

    Listing agent Rima Odeh (708) 856-5100

    Listing date Nov 26, 2025

    Copyright © 2025 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.

    Overview

    Updated Mixed-Use Building with Vacant Land

    Located in the heart of the Midlothian business district, this property features a totally updated mixed-use commercial brick building and a corner vacant land parcel. The building is fully leased and includes a spacious hair salon with two bathrooms and an apartment unit in the back. There are 15 parking spaces available. The corner vacant lot offers significant exposure on 147th Street, a high-traffic thoroughfare, and presents opportunities for development by a national tenant such as Starbucks or Dunkin Donuts. The property offers endless possibilities, including the potential to add a second studio apartment unit in the salon area for additional income. Recent updates include new tuck pointing and new water heaters. The legal address encompasses 4039-4041 and 4031-4037 W 147th Street. Over $100,000 in updates have been completed recently. The property is an income-producing asset with the added potential to develop the vacant lot for business use or investment income. An extra $300 per month is currently received for parking on the vacant lot. The property has 147 feet of frontage on 147th Street. This property is located in a TIF district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Mane Event hair ... Beauty Salon H&E hair and beauty ... Beauty Salon Hairdot.Com Salon Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Cook
    State
    Illinois
    Longitude
    -87.7194221
    Latitude
    41.6252926

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    FAQs

    What type of property is this?
    Mixed-use property - Updated mixed-use building and vacant land in Midlothian business district.
    Where is this mixed-use property located?
    The property is located at 4039 147Th St Midlothian, IL.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: - Fully leased, income-producing mixed-use building with additional vacant lot in high-traffic location.; - Vacant corner lot suitable for development by a national tenant (Starbucks, Dunkin Donuts, etc.); - Located in a TIF district.
    (708) 856-5100
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    4039 147Th St Midlothian, IL 60445
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4039 147Th St Midlothian, IL 60445
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