4031 147Th StMidlothian, IL 60445

Property Details for 4031 147Th St

Lot size

0.25 AC

Property type

Retail properties

Property subtype

Land

Description

This exceptional 0.25-acre commercial property, located at 4031 147th Street in Midlothian, Illinois (zip code 60445), presents a remarkable investment opportunity. Situated in the heart of Midlothian's bustling business district, this fee simple lot boasts over 73 square feet of frontage on the heavily trafficked 147th Street. The property's prime corner location ensures high visibility and accessibility, making it ideal for a diverse range of commercial ventures. Its location within a Tax Increment Financing (TIF) district offers potential tax advantages. The property's versatility allows for a multitude of development possibilities, including but not limited to a coffee shop, retail storefront, or a mixed-use development incorporating a drive-through fast-food restaurant. The Cook County Assessor's Parcel Numbers (APN) are 28104030060000 and 2810403007. The asking price for this land is $149,900. Note that a combined purchase option with an adjacent mixed-use building is available for a total price of $510,000. This property offers significant potential for growth and return on investment in a thriving commercial area. The latitude and longitude coordinates are 41.625239 and -87.719164 respectively.

Location Insight

City

Midlothian

County

Cook

State

Illinois

Latitude

41.6252

Longitude

-87.7192

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