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Property summary
This vacant, 1,959 square foot commercial building presents a compelling redevelopment opportunity in Calumet Park, Illinois. Located at 1206 W 127th St, this fee-simple property, situated on a 2,500 square foot lot, is a bank-owned foreclosure, available for $50,000. Built in 1961, the Class C building is zoned C2 and offers significant potential for various uses, including daycare, restaurant, or storefront. The property is currently vacant with an occupancy date of October 9, 2024, and… features a triple net (NNN) lease type. Its prime location between I-57 and I-94 provides excellent access to major expressways and public transportation, including CTA and Metra Electric. High visibility is ensured by daily traffic counts exceeding 16,500 vehicles on nearby Ashland Avenue. The property benefits from its position within a Tax Increment Financing (TIF) district, potentially offering financial incentives for redevelopment. The surrounding area is experiencing revitalization, attracting businesses and residents, creating a strong potential customer base. This property is sold as-is
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 0.06 ac
- Year built
- 1961
- Stories
- 1
- APN
- 25-29-328-042
- Assessed value · 2022
- $18,621
- Annual tax · 2022
- $11,961
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
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.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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