18141 Dixie HwyHomewood, IL 60430

Property Details for 18141 Dixie Hwy

Year built

1958

Lot size

1.08 AC

Property type

Retail space

APN

29-31-409-063

APU

2931409063

Description

This exceptional 13,410 square foot office and retail building, situated on a 1.08-acre lot in Homewood, Illinois, presents a unique investment opportunity. Built in 1966 and extensively renovated in 2021, this single-tenant property boasts a desirable location in Cook County, offering convenient access to major transportation arteries including I-294, I-80, and I-57. The property is zoned B1 and comprises a two-story structure. The last available unit, encompassing approximately 1,350 square feet, is ideally suited for a variety of businesses. This ground floor space includes a welcoming lobby, three private offices, a functional conference room, and a convenient kitchenette. The building benefits from ample parking, a significant asset for both employees and customers. Its proximity to the Homewood Metra Station (a 15-minute walk) further enhances its appeal. This property represents a rare chance to acquire a well-maintained, strategically located commercial space in a thriving community, just 28 miles south of Chicago. The address is 18141 Dixie Hwy, Homewood, IL 60430.

• CAP approach

  CAP return

  Valuation

  6%

  $22,224,816

  6.5%

  $20,515,214

  7%

  $19,049,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,441,580

  Geo Method

  $15,441,580

• Alternative Use

  Use

  Valuation

  Residential

  $17,305,350

  Hospitality

  $15,851,608

  Educational

  $13,188,352

  Medical

  $13,641,920

  Retail

  $20,515,214

Location Insight

City

Homewood

County

Cook

State

Illinois

Latitude

41.5598

Longitude

-87.6649

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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