There are multiple listings for this address:
1250 W 127th Street
Calumet Park, IL, 60827
$495,000
Beds
0 Baths
0 SqFt
0 Acres
Add
MLS #MRD12307954 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:
$495,000
MLS #:
MRD12307954
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
calumetpark
Listed Date:
Mar 10, 2025
Total Sq Ft:
7,035
Year Built:
1946
Calumet ParkCalumetpark

Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
Central Air

Exterior

Stories
1

Financial

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

Map

Community

Market Summary

Current real estate data for Commercial in Calumet Park as of Jun 17, 2026
4
Commercial Listed
145
Avg DOM
$2,208,750
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 $495,000

Similar Listings Nearby

broker reciprocity
MLS# MRD12586538broker reciprocity
4044-48 S ARCHER Avenue
Chicago, IL

$619,000

4.6 miles away

broker reciprocity
MLS# MRD12655207broker reciprocity
601 W 47th Street
Chicago, IL

$615,000

2.1 miles away

broker reciprocity
MLS# MRD12612842broker reciprocity
8937 S Justine Street
Chicago, IL

$614,999

4.3 miles away

broker reciprocity
MLS# MRD12630187broker reciprocity
8022 S Paulina Street
Chicago, IL

$609,995

3.5 miles away

broker reciprocity
MLS# MRD12406322broker reciprocity
5052 W Irving Park Road
Chicago, IL

$608,800

2.3 miles away

broker reciprocity
MLS# MRD12421280broker reciprocity
2114 W Devon Avenue
Chicago, IL

$600,000

3.1 miles away

broker reciprocity
MLS# MRD12623088broker reciprocity
8231 S South Shore Drive
Chicago, IL

$600,000

4.5 miles away

broker reciprocity
MLS# MRD12595621broker reciprocity
327 E 79th Street
Chicago, IL

$599,000

2.3 miles away

broker reciprocity
MLS# MRD12572665broker reciprocity
8624 S Maryland Avenue
Chicago, IL

$595,000

3.3 miles away

broker reciprocity
MLS# MRD12450507broker reciprocity
7727 S Colfax Avenue
Chicago, IL

$589,900

2.8 miles away

1250 W 127th Street
Calumet Park, IL
1250 W 127th Street
Calumet Park, IL, 60827
$499,999
Beds
0 Baths
0 SqFt
0 Acres
Add
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

Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
Central Air

Exterior

Stories
1

Financial

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

Map

Community

Market Summary

Current real estate data for Commercial in Calumet Park as of Jun 17, 2026
4
Commercial Listed
145
Avg DOM
$2,208,750
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

Similar Listings Nearby

broker reciprocity
MLS# MRD12626133broker reciprocity
14613 Keystone Avenue
Midlothian, IL

$639,900

4.2 miles away

broker reciprocity
MLS# MRD12612842broker reciprocity
8937 S Justine Street
Chicago, IL

$614,999

4.7 miles away

broker reciprocity
MLS# MRD12498876broker reciprocity
12909 Page Street
Blue Island, IL

$609,900

4.4 miles away

broker reciprocity
MLS# MRD12668450broker reciprocity
4335 W 147th Street
Midlothian, IL

$599,000

2.9 miles away

broker reciprocity
MLS# MRD12625695broker reciprocity
379 E 147th Street
Harvey, IL

$595,000

3.0 miles away

broker reciprocity
MLS# MRD12532568broker reciprocity
1021 Maryland Avenue
Dolton, IL

$550,000

3.9 miles away

broker reciprocity
MLS# MRD12343930broker reciprocity
12456 Fairview Avenue
Blue Island, IL

$545,000

4.4 miles away

broker reciprocity
MLS# MRD12343845broker reciprocity
12452 Fairview Avenue
Blue Island, IL

$545,000

4.4 miles away

broker reciprocity
MLS# MRD12551149broker reciprocity
6741-43 S Eberhart Avenue
Chicago, IL

$500,000

2.2 miles away