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    1522 Union Ave Chicago Heights, IL 60411

    For Sale
    $400,000

    Vacant warehouse, ideal location, high ceiling.

    Property size:
    26,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This fee-simple industrial property at 1522-1524 Union Ave, Chicago Heights, IL 60411, offers 26,000 square feet of vacant warehouse space in a single-story, Class C building. The property sits on a 47,000 square foot lot and is zoned B-3, allowing for diverse uses beyond warehousing. Features include three dock-high doors, a 16-foot ceiling height, and ample space for semi-trucks. The asking price is $400,000, translating to $15.38 per square foot. Conveniently located off the railroad tracks on a quiet street, this property presents a compelling investment opportunity. The building is currently vacant and ready for immediate occupancy. Further details regarding permitted uses under the B-3 zoning are available upon request. This single-unit warehouse offers significant potential for various business ventures.

    Property Features for 1522 Union Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    26,000 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 26,000 SF vacant warehouse in a single‑story Class C building.
    • Located on a 47,000 SF lot in Chicago Heights, IL.
    • Zoned B‑3, allowing for diverse uses.
    • Features three dock‑high doors and 16‑foot ceilings.
    • Asking price: $400,000 ($15.38/SF).
    • Ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clean Shop Manufacturer Lane Source Inc Trucking Company Aen Industries Inc Manufacturer DashHaul Inc Logistics Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.633113940794
    Latitude
    41.50336269639

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    FAQs

    What type of property is this?
    Distribution property - Vacant warehouse, ideal location, high ceiling.
    Where is this distribution property located?
    The property is located at 1522 Union Ave Chicago Heights, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 26,000 SF vacant warehouse in a single-story Class C building.; Located on a 47,000 SF lot in Chicago Heights, IL.; Zoned B-3, allowing for diverse uses.
    Request Owner's contact information
    1522 Union Ave Chicago Heights, IL 60411
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    Chicago Heights, IL 60411
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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
    1522 Union Ave Chicago Heights, IL 60411
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