4039 147Th St Midlothian, IL 60445

2,850 SF 16170 ac lot Built 1988

Property ID

US28-1773649

$459,900 2,850 SF

4039 147Th St, Midlothian, IL 60445
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This exceptional mixed-use commercial property, located at 4039 147th St in Midlothian, Illinois (Cook County, zip code 60445), presents a unique investment opportunity. The 2,850 square foot building, constructed in 1988, sits on a substantial 1.617-acre lot (APN 28104030040000) and is zoned for commercial use. Currently fully leased, the property features two units: a spacious hair salon with two bathrooms and a rear apartment unit. Seven parking spaces are available on-site. The building boasts recent upgrades, including a complete renovation, new tuckpointing, and new water heaters. The asking price for the building is $349,900, with a price per square foot of $122.77. The property is a single-story structure and is classified as Retail, Office, and Mixed Use, with subtypes including Restaurant, Executive Office, and Medical Office. A potential second studio apartment could be developed within the salon area, offering future income growth. Note that adjacent vacant land is available for separate purchase ($149,900). This property offers a strong return on investment in a prime Midlothian business district location. The lease type is gross.