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    Midlothian, IL Retail Space for Sale

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    Updated Mixed-Use Building in Midlothian
    Updated: May 27, 2024
    Updated Mixed-Use Building in Midlothian

    4039 147th St, Midlothian, IL 60445

    $459,900
    2,850 sqft
    Fully leased mixed‑use commercial brick building in the heart of the Midlothian business district.
    Includes a spacious hair salon with two bathrooms and an apartment unit.
    Potential for a second studio apartment unit in the salon area for added income.
    Features 7 parking spaces.
    Recently updated from A‑Z with new tuckpoint and new water heaters.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    4039 147th St, Midlothian, IL 60445

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $40K
      Annual

    • Price @ 7% Cap

      $565K
      Above asking

    • Property Type

      Miscellaneous (Residential)
      Built 1988
    View Property Analytics
    Updated Mixed-Use Building and Land
    Updated: Mar 25
    Updated Mixed-Use Building and Land

    4039 147th Street, Midlothian, IL 60445

    $439,900
    0.37 AC lot
    Fully leased, income‑producing mixed‑use building with additional vacant lot.
    Located in the heart of the Midlothian business district with high traffic exposure.
    Vacant corner lot suitable for development by a national tenant (Starbucks, Dunkin Donuts, etc.).
    Over $100,000 in recent updates, including new tuck pointing and water heaters.
    Includes a spacious hair salon, apartment unit, and 15 parking spaces.
    View details
    Updated Mixed-Use Building in Midlothian
    Updated Mixed-Use Building in Midlothian

    4039 147th Street, Midlothian, IL 60445

    $319,900
    0.37 AC lot

    Updated mixed-use building in the heart of Midlothian business district.

    View details
    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 3 Active listings in Midlothian, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Storefront Property
    Retail Storefront Property

    3000 Burr Oak Avenue, Blue Island, IL 60406

    $565,000

    Retail space for sale located at 3000 Burr Oak Avenue.

    View details
    Retail Investment Property
    Retail Investment Property

    1401-1413 West 127th Street, Calumet Park, IL 60827

    Contact for pricing
    15,023 sqft

    Retail investment offering an 8.79% cap rate and 15,023 SF available for purchase.

    View details
    Retail Space For Sale
    Retail Space For Sale

    12854 S Ashland Ave, Calumet Park, IL 60827

    $4,225,000
    14,490 sqft

    Retail space available with a 7.55% CAP rate.

    View details
    COMMERCIAL - Blue Island, IL
    COMMERCIAL - Blue Island, IL

    13341 Olde Western Ave, Blue Island, IL 60406

    $375,000
    0.15 AC lot

    Two-story building with retail, apartment, lot, and income.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Off-Market Properties in Midlothian, IL

    Consider similar Off-Market properties in Midlothian, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3314 147th St
    RETAIL STORES (PERSONAL SERVICES)

    3314 147th St, Midlothian, IL 60445-3612

    $740,000
    Estimated value
    0.09 AC lot
    View details
    14753 Cicero Ave
    RETAIL STORES (PERSONAL SERVICES)

    14753 Cicero Ave, Midlothian, IL 60445-3172

    $610,000
    Estimated value
    0.69 AC lot
    View details
    4610 147th St
    RETAIL STORES (PERSONAL SERVICES)

    4610 147th St, Midlothian, IL 60445-2596

    Value Estimation by Request
    0.22 AC lot
    View details
    3831 147th St
    STORE, RETAIL OUTLET

    3831 147th St, Midlothian, IL 60445-3403

    Value Estimation by Request
    0.14 AC lot
    View details
    14340 Cicero Ave
    RETAIL STORES (PERSONAL SERVICES)

    14340 Cicero Ave, Midlothian, IL 60445-2571

    Value Estimation by Request
    0.81 AC lot
    View details
    4151 147th St
    RETAIL STORES (PERSONAL SERVICES)

    4151 147th St, Midlothian, IL 60445

    Value Estimation by Request
    0.29 AC lot
    View details
    4508 147th St
    RETAIL STORES (PERSONAL SERVICES)

    4508 147th St, Midlothian, IL 60445

    Value Estimation by Request
    0.14 AC lot
    View details
    4510 147th St
    RETAIL STORES (PERSONAL SERVICES)

    4510 147th St, Midlothian, IL 60445

    Value Estimation by Request
    0.10 AC lot
    View details
    3842 147th St
    STORE, RETAIL OUTLET

    3842 147th St, Midlothian, IL 60445

    Value Estimation by Request
    0.09 AC lot
    View details
    3844 147th St
    STORE, RETAIL OUTLET

    3844 147th St, Midlothian, IL 60445-3452

    Value Estimation by Request
    0.09 AC lot
    View details
    3721 147th St
    RETAIL STORES (PERSONAL SERVICES)

    3721 147th St, Midlothian, IL 60445-3503

    Value Estimation by Request
    0.18 AC lot
    View details
    14709 Kolmar Ave
    RETAIL STORES (PERSONAL SERVICES)

    14709 Kolmar Ave, Midlothian, IL 60445-3236

    Value Estimation by Request
    View details
    4521 147th St
    RETAIL STORES (PERSONAL SERVICES)

    4521 147th St, Midlothian, IL 60445

    Value Estimation by Request
    0.24 AC lot
    View details
    3201 147th St
    RETAIL STORES (PERSONAL SERVICES)

    3201 147th St, Midlothian, IL 60445-3609

    Value Estimation by Request
    0.07 AC lot
    View details
    3201 147th St
    RETAIL STORES (PERSONAL SERVICES)

    3201 147th St, Midlothian, IL 60445-3609

    Value Estimation by Request
    0.07 AC lot
    View details
    4103 147th St
    RETAIL STORES (PERSONAL SERVICES)

    4103 147th St, Midlothian, IL 60445

    Value Estimation by Request
    0.29 AC lot
    View details
    14455 Pulaski Rd
    RETAIL STORES (PERSONAL SERVICES)

    14455 Pulaski Rd, Midlothian, IL 60445-2822

    $730,000
    Estimated value
    0.39 AC lot
    View details
    3433 35th W 147th St
    RETAIL STORES (PERSONAL SERVICES)

    3433 35th W 147th St, Midlothian, IL 60445

    Value Estimation by Request
    0.09 AC lot
    View details
    14804 Cicero Ave
    RETAIL STORES (PERSONAL SERVICES)

    14804 Cicero Ave, Midlothian, IL 60445

    Value Estimation by Request
    0.14 AC lot
    View details
    14801 La Crosse Ave
    RETAIL STORES (PERSONAL SERVICES)

    14801 La Crosse Ave, Midlothian, IL 60445

    Value Estimation by Request
    0.14 AC lot
    View details
    14805 La Crosse Ave
    RETAIL STORES (PERSONAL SERVICES)

    14805 La Crosse Ave, Midlothian, IL 60445

    Value Estimation by Request
    0.14 AC lot
    View details

    Midlothian, IL Retail Space Market Trends and Statistics

    Explore 72 retail space for sale in Midlothian, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,850 square feet of properties for sale, with an estimated market value of $459,900.

    Sale prices for retail space in Midlothian, IL start at $459,900, averaging $459,900, and reaching up to $459,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 3
    Auto shops 2
    Automotive properties 2
    Shopping centers 2
    Banks 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) -44.3%
    Median Household Income $68,385
    College Educated 26.1%

    High-Yield Neighborhoods for Investment

    Identify Midlothian submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60445 $367.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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