Property profile

18240 Harwood Ave Homewood, IL 60430

FOR SALE
Other industrial properties
Property ID
US28-2766167
0.52 ac lot Built 1947
Trust Owned 2-yr Hold Free & Clear
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18240 Harwood Ave, Homewood, IL 60430 For Sale
$699,900
18240 Harwood Ave, Homewood, IL 60430
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Property summary

AI-generated overview

A masonry bi-level commercial building in Homewood, Illinois at 18240 Harwood Avenue, fronting Harwood Avenue near the intersection of 183rd and Harwood. The building was historically used as a warehouse with office space, with the main level partially above grade and a basement level partially below grade. Ceiling heights are approximately 25 feet in the barrel truss section and about 16 feet in the flat sections. Existing interior improvements include approximately 3,000 square feet of office space with four private offices, a kitchen/lunch area, and four bathrooms. Building systems include a fire alarm and sprinkler system. Loading features consist of two ground-level 12' x 12' drive-in loading doors and one smaller side roll-up door, along with a designated loading area. The site totals 35,689 square feet and consists of three lots, reported as 227 x 164.1. Outdoor facilities include a side paved parking lot for 20 cars and a dedicated signage area. Zoning/redevelopment approvals include an approved mixed-use build-out concept: approximately 17,000 square feet of commercial/retail space on the first level (divisible) and 15 apartment units on the upper level, each described as approximately 900 to 1,000 square feet and needing to be built.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1947
Lot 0.52 ac (22,500 SF)
APN 29-31-312-007
UPID US28-2766167

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

18240 Harwood Ave Homewood, IL 60430
Homewood metro Census 828401 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
Last sale
$260,000
7 recorded transactions
2024
Price N/A
2024
$260,000
2012
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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