Property profile

646 Chicago Rd Chicago Heights, IL 60411

OFF-MARKET
Retail space
Property ID
US28-0996392
3.23 ac lot Built 1959
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property in Chicago Heights, Illinois is a commercial building totaling 53,621 square feet situated on a 4.92-acre lot, with zoning classified as B-4 (Office Business District). It is configured for office-focused and related commercial uses, including professional offices, medical clinics, educational or business services, and light industrial operations, and includes a private second floor that can function as executive offices or an administrative headquarters. The building has central heat and air conditioning, energy-efficient T8 lighting, ADA-compliant restrooms, and extensive glazing including long banks of floor-to-ceiling windows, large plate glass, and glass spandrel panels. Building systems and infrastructure include a hot water boiler (installed in 2012), a roof that is described as newer, backup generators, and an Uninterruptible Power Supply (UPS) system. On-site amenities include a cafeteria and a paved parking area with 200 gated, well-lit parking spaces (about 3.92 spaces per 1,000 square feet). The site is located on Chicago Road (Dixie Highway) with access to I-57, I-294, and I-394, and it is within the Lincoln 394 Enterprise Zone. The building is divisible and may be suitable for lease in portions or in combination with adjacent land, including 71,224 square feet of adjoining vacant land at 636 Chicago Road that is zoned B-2 (Community Business District) for retail, service, and commercial uses.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1959
Lot 3.23 ac (140,699 SF)
APN 32-17-302-021
UPID US28-0996392

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
  • Mobile Phone Store Electronics & Wireless Store
  • Training Center
  • Laboratory

Location

646 Chicago Rd Chicago Heights, IL 60411-1867
Chicago Heights metro Census 829200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2025
Last sale
$400,000
1 recorded transaction
2025
$400,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 646 Chicago Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message