Blue Island, IL Mixed-use properties for sale

Updated: Jun 25, 2025

Commercially Zoned Mixed-Use Property

12522 Western Avenue, Blue Island, IL 60406

$425,000

2,882 sqft

Commercially zoned, mixed‑use property ideal for entrepreneurs, investors, or business owners.
First floor features a spacious office and retail space with three oversized service doors.
Expansive exterior lot offers ample parking and storage.
Second floor features a large, separate apartment for income generation.
Separate gas and electric meters for each unit.

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This listing looks promising.

Here's a quick look at some key insights for

12522 Western Avenue, Blue Island, IL 60406

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Est. Cap Rate

7.9%
Above avg (5.9%)
Est. NOI

$33K
Annual
Mortgage

$265K
Dec 2005
Last Sold

Dec 2005
$300K
Property Type

Apartments (Generic)
Built 1987

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Updated: Nov 21, 2025

Mixed-Use Property in Downtown Harvey

Dixmoor, IL 60426

$350,000

12,000 sqft

Mixed‑Use Property: Diversified income streams from 3 retail units (100% occupied) and 6 occupied multi‑family units.
Value‑Add Opportunity: Completion of 2 remaining third‑floor units (±1,525 SF) offers immediate upside.
Below Market Rents: Opportunity to increase rental income to market rates.
Recent Renovations: Windows, plumbing, exit stairway, common area, and roof improvements.
Prime Location: Downtown Harvey location with Pace bus stop in front and walking distance to Metra station.

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COMMERCIAL - Blue Island, IL

13341 Olde Western Ave, Blue Island, IL 60406

$375,000

0.15 AC lot

Two-story building with retail, apartment, lot, and income.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 3 Active listings in Blue Island, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Updated Mixed-Use Building in Midlothian

4039 147th Street, Midlothian, IL 60445

$319,900

0.37 AC lot

Updated mixed-use building in the heart of Midlothian business district.

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Updated Mixed-Use Building in Midlothian

4039 147th St, Midlothian, IL 60445

$459,900

2,850 sqft

Updated mixed-use building in Midlothian's business district, fully leased.

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Mixed-Use Building in Mount Greenwood

11114 S KEDZIE Avenue, Chicago, Chicago, IL 60655

$699,900

Mixed-use property with retail, apartments, and vacant lot.

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Mixed-Use Investment Property on Western

10835 S Western Avenue, Chicago, IL 60643

$649,900

Mixed-use property with residential units and versatile commercial space.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Corner Lot in Midlothian

4031 147th Street, Midlothian, IL 60445

$119,900

Prime commercial land in a high-traffic business district.

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Land in Homewood, Illinois

19020 Kedzie Avenue, Homewood, IL 60430

$690,000

2.00 AC lot

Two acre commercial land parcel in Homewood, Illinois.

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Commercial Development Land Parcel

19611 Crawford Avenue, Flossmoor, IL 60422

$399,800

2.53 AC lot

A 2.53-acre commercial-zoned parcel suitable for neighborhood-oriented retail or service development.

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Hammond, IN Land Opportunity

4514 Calumet Avenue, Hammond, IN 46327

$700,000

0.14 AC lot

Vacant lots in high-traffic area, ideal for redevelopment.

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Off-Market Properties in Blue Island, IL

Consider similar Off-Market properties in Blue Island, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

STORES & APARTMENTS

2412 James St, Blue Island, IL 60406-2484

$1,180,000

Estimated value

7,294 sqft 0.09 AC lot

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STORES & APARTMENTS

13030 Western Ave, Blue Island, IL 60406-2419

Value Estimation by Request

0.12 AC lot

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STORES & APARTMENTS

2911 Broadway St, Blue Island, IL 60406

$1,195,000

Estimated value

7,906 sqft 0.09 AC lot

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STORES & APARTMENTS

13001 Western Ave, Blue Island, IL 60406-2406

Unit 3

Value Estimation by Request

0.21 AC lot

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STORES & APARTMENTS

12151 Western Ave, Blue Island, IL 60406-1331

$1,595,000

Estimated value

11,500 sqft 0.10 AC lot

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STORES & APARTMENTS

12151 Western Ave, Blue Island, IL 60406-1331

Value Estimation by Request

0.10 AC lot

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STORES & APARTMENTS

13315 Olde Western Ave, Blue Island, IL 60406-2921

Value Estimation by Request

0.27 AC lot

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STORES & APARTMENTS

13008 Western Ave, Blue Island, IL 60406-2407

$2,065,000

Estimated value

5,400 sqft 0.10 AC lot

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Blue Island, IL Mixed-Use Properties Market Trends and Statistics

Explore 11 mixed-use properties for sale in Blue Island, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 14,882 square feet of properties for sale, with an estimated market value of $775,000.

Sale prices for multi use buildings in Blue Island, IL start at $350,000, averaging $387,500, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
60406	$408.3K

Neighborhood

Average Price

60406

$408.3K