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About the Listing 85436 - 882984
Rare opportunity to own a well-established strip mall in the heart of Homewood, conveniently located just steps from the Metra train station and approximately 35 minutes from downtown Chicago. This multi-unit commercial property features 11 business suites with a strong mix of long-standing tenants, including an auto repair shop (25+ years), former bakery (50+ years, closed during COVID but still equipped), photo salon, dry cleaner (equipment included), insurance agency, and more. The property also offers 3 vacant units, ideal for an owner-user or additional rental income. 2024 gross income of $150,000, with upside potential to $200,000-$250,000 as rents are brought to market. All-new roof installed in 2025, providing added value and reduced future expenses. Additional highlights include over 50 parking spaces and a single-family home converted to office use, which can be reverted back to residential if desired. Zoned commercial with multiple use possibilities. Family-owned for 70 years, this property presents a solid investment with stable cash flow and strong upside potential.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 255X255
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: 31-50 Spaces
Financial Details
- Tax Amount: $61,890
- Taxes w/Assessments: N/A
- Tax/Property ID: 32061180160000
- Tax Year: 2023
Payment Calculator
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Questions About..
18660 Dixie Hwy S Homewood, IL 60430
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