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$1,750,000
Est. payment /mo
10,289 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,289 sqft
Price per Sqft $170
MLS Listing ID 12374939
Year Built 1959
Annual Tax Amount $61,890
Tax Year 2023
Lot Dimensions 255X255
Property Sub-Type Mixed Use
Property Description
Rare opportunity to own a well-established strip mall in the heart of Homewood, just 35 minutes from downtown Chicago and steps from the Metra train station. This multi-unit commercial complex includes: * 11 business suites, currently featuring successful long-standing tenants including an auto repair shop (25+ years), a former bakery (50+ years, closed during COVID but still equipped), a photo salon, dry cleaners (with equipment included), an insurance agency, and more. * 3 vacant units-perfect for owner-user or additional rental income. * Gross income in 2024: $150,000 with potential to reach $200,000-$250,000 when rents are brought to market. * Over 50 parking spots for customers and tenants. * Includes a single-family home converted to an office-easily reverted to residential use if desired. Family-owned for 70 years, this property has a legacy of success and offers a fantastic investment opportunity with solid cash flow and strong upside. Zoned commercial, multiple uses possible. Reach out today to schedule a showing of the three available units and explore the potential this property has to offer!
Location
State IL
County Cook
Area Homewood
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 1
Structure Type Brick,Concrete,Block
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Listed by Olga Kaminska • Core Realty & Investments Inc.