3033 Chicago RdSouth Chicago Heights, IL 60411

Property Details for 3033 Chicago Rd

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

6,051 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

32-32-205-015

APU

3232205015

Description

This exceptional retail property, located at 3033 Chicago Rd in South Chicago Heights, Illinois, offers a fantastic opportunity for businesses seeking prime commercial space. The building, constructed in 1956, boasts a total of 6,051 square feet, situated on a 0.21-acre lot. Currently, there are 5,200 square feet of vacant space available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,000 square feet. This flexibility allows for a variety of business models and expansion plans. The property is classified as both retail and multi-family commercial, presenting unique possibilities for mixed-use ventures. Ample parking is provided with 12 designated spots for customers and employees. The property is located in Cook County, Illinois, with easy access via Chicago Road and benefits from high visibility and foot traffic. The zip code is 60411. This is an ideal location for businesses seeking to establish a strong presence in a thriving community. The property's size and layout offer significant potential for growth and success. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,411,328

  6.5%

  $2,225,841

  7%

  $2,066,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,221,621

  Geo Method

  $1,221,621

• Alternative Use

  Use

  Valuation

  Residential

  $2,225,841

  Hospitality

  $2,038,858

  Educational

  $1,696,306

  Medical

  $1,754,645

  Retail

  $2,638,698

Location Insight

City

South Chicago Heights

County

Cook

State

Illinois

Latitude

41.4831

Longitude

-87.6377

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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