Property summary
This exceptional Calumet City, Illinois retail property at 1652 Sibley Blvd presents a compelling owner-user or investment opportunity. The 5,202 square foot building, constructed in 1968, sits on a 0.36-acre lot and boasts a desirable Class B rating. Currently featuring multiple tenants with long-term leases, this property offers consistent rental income, making it an ideal owner-user scenario where rental income can offset mortgage expenses. The building's prime corner location in a high-traffic commercial area ensures excellent walk-in foot traffic. Additional benefits include ample parking (4.2 spaces per 1,000 sq ft) and a basement providing valuable storage space. The property is zoned Central and features a convenient 81 Walk Score and a 31 Transit Score. The asking price is $350,000, translating to a price per square foot of $67.28 and an attractive 8.57% cap rate. The APN is 29-12-226-025-0000. This is a rare chance to acquire a well-situated, income-producing retail property in a thriving commercial area.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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