1250 W 127th Street
Calumet Park, IL, 60827
$499,999
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12602678 image #0
1250-54 W 127th Street presents a compelling opportunity to acquire a multi-tenant retail asset located along a highly trafficked commercial corridor in Calumet Park. The property consists of a three-unit commercial building totaling approximately 7,035 square feet, offering investors immediate in-place income with significant upside through lease optimization and tenant repositioning. Strategically positioned on W. 127th Street, the property benefits from strong visibility, consistent vehicle traffic, and proximity to dense residential neighborhoods, making it an ideal location for service-oriented and neighborhood retail tenants. The surrounding retail corridor features a mix of national and local businesses, providing a stable commercial environment that supports long-term tenancy. The asset has undergone recent renovations, reducing near-term capital expenditure requirements while enhancing its appeal to prospective tenants. Additionally, the property offers ample on-site parking. Multi-Tenant Retail Asset – Three-unit configuration provides diversified income streams and reduces single-tenant exposure Strong In-Place Income with Upside – Existing cash flow with the opportunity to increase rents to market and improve overall returns – Value-Add Opportunity Ability to lease vacant or underutilized space and reposition tenant mix to maximize NOI – Recent Capital Improvements – Renovated building minimizes near-term maintenance costs and enhances tenant appeal Flexible Tenant Use Potential – Ideal for retail, medical, office, or service-oriented users, broadening leasing opportunities

Property Details

Price:
$499,999
MLS #:
MRD12602678
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
calumetpark
Listed Date:
Mar 26, 2026
Total Sq Ft:
7,035
Year Built:
1946
Calumet ParkCalumetpark

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Exterior

Stories
1

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$24,709
Tax Year
2024
Taxes
$11,209

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Community

Market Summary

Current real estate data for Commercial in Calumet Park as of Oct 05, 2026
4
Commercial Listed
123
Avg DOM
$2,141,250
Avg List Price

Property Summary

    1250 W 127th Street Calumet Park IL is a Commercial for sale in Calumet Park, IL, 60827. It is listed for $499,999

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1250 W 127th Street
Calumet Park, IL