For Sale
Property summary
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
VerifiedCap rate & NOI
Current use
-
Industrial Manufacturer Production Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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