2923 Chicago RdSouth Chicago Heights, IL 60411

For Sale
$375,000

Profitable 1,100 sq ft business & building

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional owner-user investment opportunity is located at 2923 Chicago Rd, South Chicago Heights, IL 60411. The property boasts 1,100 square feet of net rentable space within a single-story building, situated on a highly visible location along the bustling Chicago Road, ensuring maximum exposure and convenient access for customers. The asking price is $375,000, representing a compelling price per square foot of $340.91 and a remarkable 53.33% capitalization rate. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $200,000. Ample parking is provided with 15 spaces on-site. The property is zoned B-1, offering flexibility for a variety of commercial uses. This turnkey operation is perfect for a business owner seeking to establish or expand their presence in a thriving community. The South Chicago Heights area is experiencing growth, making this a strong investment for long-term success. The property includes one building and one unit. This is a 100% ownership opportunity.

Highlights

  • $375,000 asking price for this owner-user business opportunity.
  • 1,100 square foot building on a 1-acre lot in South Chicago Heights, IL.
  • Exceptional 53.33% cap rate with a $200,000 NOI and 100% occupancy.
  • Property features 15 parking spaces and is zoned B-1.
  • Located at 2923 Chicago Rd, South Chicago Heights, IL 60411.

Property Details for 2923 Chicago Rd

Property type
Investment properties, Other commercial real estate
Square Feet
1,100 SF
Buildings
1
Stories
1
Units
1

Location Insight

City
South Chicago Heights
County
Cook
State
Illinois
Latitude
41.4852032
Longitude
-87.6381526
2923 Chicago Rd, South Chicago Heights, Illinois

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2923 Chicago Rd
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