1. Illinois
  2. Homewood
  3. 18660 Dixie Highway S
$1,750,000

18660 Dixie Highway S, Homewood, IL 60430

  • 10,289 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon0.57acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $170/sqft
  • Property List Date Icon Listed 1 month ago

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!

Listing Status:
Active
Listing Office:
Core Realty & Investments Inc. : 312-477-6806
Listing Agent:
Olga Kaminska : 312-477-6806
MLS ID:
12374939
  • A/C: Central Air

This listing courtesy of Olga Kaminska, Core Realty & Investments Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

H

Homewood-Flossmoor High School

999 Kedzie Ave, Flossmoor, IL, 60422

Grades 9-12

1.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.