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Property summary
This exceptional owner-user investment opportunity is located at 2923 Chicago Rd, South Chicago Heights, IL 60411. The property boasts 1,100 square feet of net rentable space within a single-story building, situated on a highly visible location along the bustling Chicago Road, ensuring maximum exposure and convenient access for customers. The asking price is $375,000, representing a compelling price per square foot of $340.91 and a remarkable 53.33% capitalization rate. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $200,000. Ample parking is provided with 15 spaces on-site. The property is zoned B-1, offering flexibility for a variety of commercial uses. This turnkey operation is perfect for a business owner seeking to establish or expand their presence in a thriving community. The South Chicago Heights area is experiencing growth, making this a strong investment for long-term success. The property includes one building and one unit. This is a 100% ownership opportunity.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the South Chicago Heights market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property 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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