Blue Island, IL Mixed-use Properties for Sale

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Posen, IL Riverdale, IL South Holland, IL Midlothian, IL Robbins, IL Dolton, IL Markham, IL Hazel Crest, IL

Updated: Oct 6, 2025

Two-Story Mixed-Use Building

13341 Olde Western Avenue, Blue Island, IL 60406

$375,000

0.15 AC lot

Two‑story brick mixed‑use building with a leased first‑floor hair salon and spa
Updated 2‑bedroom apartment with private deck; currently rented
Full basement and 2‑car garage with rear entry
Extra adjacent lot included with the property
0.1492 acres zoned COMMR

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Updated: Aug 30

Historic Mixed-Use Restaurant

13325 Olde Western Avenue, Blue Island, IL 60406

$399,900

2,690 sqft 0.29 AC lot

2,690 SF mixed‑use building on a 12,500 SF lot
Main‑level restaurant with furnished dining room, bar, enclosed patio, and outdoor patio
Dining setup includes 50 indoor tables plus 30 outdoor
Brand‑new FF&E includes a walk‑in refrigerator
Unfinished upstairs apartment and finished basement for storage

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Commercially Zoned Mixed-Use Property

12522 Western Ave, Blue Island, IL 60406

$425,000

2,882 sqft

Mixed-use property with retail space, office, and apartment.

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See what stands out in Cook County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Freestanding Mixed-Use Property

256 East 157th Street, Harvey, IL 60426

$120,000

3,621 sqft

Includes a commercial storefront and one-bedroom apartment with updated building systems.

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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 21 Potential Opportunities for your consideration. Besides 5 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.

Historic Mixed-Use Building

3824 147th Street, Midlothian, IL 60445

$850,000

0.18 AC lot

Flexible commercial layout with multiple entrances, upper-level character space, and transit adjacency.

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Historic Mixed-Use Building

3824 147th St, Midlothian, IL 60445

Contact for pricing

14,225 sqft

Two-level commercial property beside the Metra station with flexible first-floor layouts and an adaptable upper level.

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Inline Retail/Office Space

2448 N. Lincoln, Chicago, IL 60614

Contact for pricing

2,141 sqft

Inline retail and office space in the base of a 31-unit luxury apartment building with black iron and an ADA bathroom.

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Two-Story Mixed-Use Property

2654 N. Lincoln, Chicago, IL 60614

Contact for pricing

B3-2 zoning supports an office component with an upper-level residential apartment and rear parking.

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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

4031 147th Street, Midlothian, IL 60445

$119,900

Commercial land with natural gas availability in the Midlothian business district.

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Commercial Development Land

19611 Crawford Avenue, Flossmoor, IL 60422

$399,800

2.53 AC lot

Commercially zoned acreage near established businesses, schools, residential neighborhoods, and commuter routes.

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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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Hammond Land Redevelopment Opportunity

4514 Calumet Avenue, Hammond, IN 46327

$700,000

0.14 AC lot

Prime land parcels in high-traffic Hammond commercial zone for sale.

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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

$600,000

Estimated value

7,294 sqft 0.09 AC lot

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STORES & APARTMENTS

13030 Western Ave, Blue Island, IL 60406-2419

$340,000

Estimated value

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

$405,000

Estimated value

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

$330,000

Estimated value

0.10 AC lot

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STORES & APARTMENTS

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

$410,000

Estimated value

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 13 mixed-use properties for sale in Blue Island, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 9,193 square feet of properties for sale, with an estimated market value of $1,694,900.

Sale prices for multi use buildings in Blue Island, IL start at $120,000, averaging $338,980, 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.

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Demographics Overview

Population 25K

Population Growth (5Y) -1.5%

Median Household Income $59,502

College Educated 25.6%

High-Yield Neighborhoods for Investment

Identify Blue Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60406	$406.2K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Blue Island fall within the 10,000 to 25,000 square foot range.

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