1531 Western Avenue
Chicago Heights, IL, 60411
$275,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12484062 image #0
**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
Chicago HeightsChicagoheights

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Schools

Interior

Cooling
Central Air, Zoned

Exterior

Construction Materials
Brick, Glass
Stories
1

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$47,646
Tax Year
2024
Taxes
$125,248

Map

Community

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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1531 Western Avenue
Chicago Heights, IL