18660 Dixie HWY S Active Save Request In-Person Tour Request Virtual Tour
Homewood,IL 60430
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,289 sqft
Price per Sqft $170
MLS Listing ID 12374939
Year Built 1959
Annual Tax Amount $61,890
Tax Year 2023
Property Sub-Type Mixed Use
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!
Location
State IL
County Cook
Area Homewood
Zoning COMMR
Interior
Cooling Central Air
Building
Dwelling Type Mixed Use
Structure Type Brick,Concrete,Block