1206 127th st - Freestanding FOR SALE


Calumet Park, IL 60827
$50,000 USD
312-826-9925
1206 127th st, Calumet Park, IL for Sale
$50,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

1206 127th st
Calumet Park, IL 60827


HIGHLIGHTS

  • Daily traffic counts estimated at over 16,500 vehicles on Ashland
  • Designated TIF (Tax Increment Financing) district
  • Just off I-57 and near I-94,

OVERVIEW

Investors, developers, and small business owners: Don't miss out on this prime redevelopment opportunity at 1206 W 127th St, Calumet Park! This 1,959 sq ft commercial building, built in 1961, sits on a 2,500 sq ft lot and is ready for a complete gut rehab. Located between I-57 and I-94, this high-visibility property offers excellent access to major expressways and public transportation, including CTA and Metra Electric, making it convenient for commuters and clients alike. The building's strategic location in a growing commercial corridor is complemented by daily traffic counts of over 16,500 vehicles on nearby Ashland Ave, offering significant exposure to potential customers and tenants. The area is experiencing exciting revitalization with new developments, attracting businesses and residents, making this property a prime location for small business owners, service providers, and developers looking to expand or start a new project. As part of a Tax Increment Financing (TIF) district, developers may also benefit from financial incentives for redevelopment, further enhancing the appeal of this investment. Whether you're envisioning retail, office spaces, or a mixed-use development, the possibilities are endless. The surrounding community includes local businesses, schools, and a growing residential population, offering a built-in customer base for future businesses. This is your opportunity to invest in Calumet Park's rising commercial market and build a property that serves the evolving needs of the area. Property sold as-is. Bring your architect and contractor to explore the limitless possibilities.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$26 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Redevelopment Opportunity Calumet Park

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,606 SF

ZONING

C2

APN/PARCEL ID

25-29-328-041-0000

ASK ABOUT THIS PROPERTY

Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

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Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.