1131 175th St Homewood, IL 60430-4604

Property Details for 1131 175th St

Year built

1985

Lot size

1.38 lot acres

Property type

Retail space

APN

29-32-200-029

APU

2932200029

Description

This exceptional 18,200 square foot multi-tenant building in Homewood, IL, presents a lucrative investment opportunity. Located at 1131 175th Street, the property boasts eight separate office spaces, three of which feature convenient overhead drive-in doors ideal for contractors, distributors, or businesses requiring rear access. Currently, two units are available for lease, with rates starting at $17.50 per square foot annually, depending on the space. The building is zoned M-1 (manufacturing), allowing for a wide range of uses including office space, contractor shops, distribution centers, and more. Interested parties should contact the Village of Homewood for a complete list of permitted uses. A significant advantage is the presence of a long-term lease with a cannabis dispensary, providing stable income. The property also benefits from a newly installed TPO rolled roof (August 2023), ensuring long-term structural integrity. Its prime location, just blocks from the soon-to-open Homewood Casino, promises increased foot traffic and visibility, enhancing its investment potential. The asking price for the entire building is $675,000, offering a compelling return on investment in a thriving market. This is a rare opportunity to acquire a versatile and well-maintained commercial property in a rapidly developing area.

Location Insight

City

Homewood

County

Cook

State

Illinois

Longitude

-87.6446

Latitude

41.5713

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments