**Massive Price Reduction** on this large 7-unit Commercial Space situated in a high traffic area with more than 3 (three) Acres that can be used for expansion. Many long-term tenants include Harold’s Chicken, a Cell phone store and Hair businesses. The property offers 40 parking spaces, central air and great exposure for tenants. Savvy investors with vision will see the opportunities of this nicely situated high-traffic commercial space whether breaking ground on a new mixed-use development, adding an RV Park, storage, restaurants, and much more. This property offers a 15 proforma cap rate before improvements with plenty of room to grow!
Property Details
Price:
$275,000
MLS #:
MRD12484062
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chicagoheights
Listed Date:
Sep 30, 2025
Total Sq Ft:
17,206
Year Built:
1953
See this Listing
Schools
Interior
Cooling
Central Air, Zoned
Exterior
Construction Materials
Brick, Glass
Stories
1
Financial
HOA Fee Frequency
Not Applicable
Tax Year
2024
Taxes
$125,248
Map
Community
- Address1531 Western Avenue Chicago Heights IL
- CityChicago Heights
- CountyCook
- Zip Code60411
Market Summary
Current real estate data for Commercial in Chicago Heights as of Jun 10, 2026
8
Commercial Listed
158
Avg DOM
$325,488
Avg List Price
Property Summary
- 1531 Western Avenue Chicago Heights IL is a Commercial for sale in Chicago Heights, IL, 60411. It is listed for $275,000
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Copyright 2026. All rights reserved.
1531 Western Avenue
Chicago Heights, IL


