4039 147Th StMidlothian, IL 60445

Property Details for 4039 147Th St

Year built

1988

Lot size

16,170.00 AC

Property size (Sq ft)

2,850 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Midlothian

County

Cook

State

Illinois

Latitude

41.6253

Longitude

-87.7194

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