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1531 Western Avenue

Chicago Heights, IL 60411
$275,000 ▼ $423,000 from $698,000
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About this home

**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!
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1953
Lot size
Annual tax$125,248
CountyCook
MLS #MRD12484062
Days on market208

Features

Cooling
Central AirZoned
Utilities
Electric to SiteNatural Gas AvailableSewer Connected
Construction
BrickGlass
Listed by
Coldwell Banker Realty
Donald Robinson

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/25/2026, 8:38:36 AM. All data should be independently verified.

$275,000
0 bd · 0 ba
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