- For Sale $915,000
- Property Type Office
- Units 0
- Lot Size 0.5 Acre
- Additional Rent Contact for pricing
- # of Floors 1
- Building Class C
- Date Updated Dec 21, 2024
KW Commercial & Keller Williams ONEChicago are pleased to present an exceptional investment opportunity located at 40-44 W. Lincoln Highway, Chicago Heights, IL 60411. This offering comprises two prime retail/office properties: a 5,600 square foot building at 44 W. Lincoln Highway and a 1,000 square foot building at 40 W. Lincoln Highway, combining for a total rentable building area of 6,600 square feet. The properties sit on a substantial land area of 21,687 square feet and are zoned R-4, making them versatile for various commercial uses.
An investor has the opportunity to backfill these spaces at a competitive lease rate of $15.60 per square foot NNN, thereby transferring the responsibility of property taxes, insurance, and common area maintenance (CAM) reimbursements to the tenants. This strategic leasing approach is projected to generate a pro forma year 1 net operating income (NOI) of $94,710, with an anticipated increase to $97,284 in year 2. The property is attractively listed at $915,000, offering a pro forma year 1 cap rate of 10.35%, which is expected to rise to 10.63% in year 2, presenting a lucrative return on investment.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
63/100
Somewhat Walkable
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Transit Score ®
42/100
Some Transit
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Bike Score ®
70/100
Very Bikeable
- City Chicago Heights, IL
- Zip Code 60411
- Market Chicago
Points of Interest
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211th Street (Lincoln Highway)
2.84 miles
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Flossmoor
3.15 miles
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Homewood
4.12 miles
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Calumet
4.75 miles
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University Park
5.23 miles
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Tinley Park
8.70 miles
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Midlothian
9.05 miles
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Riverdale
9.72 miles
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Citgo
0.22 miles
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BP
0.58 miles
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Mobil
0.96 miles
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Shell
1.52 miles
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Marathon
1.63 miles
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Tesla Supercharger
6.81 miles
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Hap Bruno Field
0.35 miles
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U-Pull-It Salvage Yard
1.86 miles
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Matteson Metra Station Lot #2
3.00 miles
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Matteson Metra Station Lot #1
3.12 miles
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Pace Homewood Park & Ride
4.05 miles
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Southland College Prep Parking Lot
4.67 miles
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Strip Mall Parking Lot
5.19 miles
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Rest Area I-80 (East Bound)
5.49 miles
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Rest Area I-80 (West Bound)
5.58 miles
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Pace Harvey Park & Ride
7.29 miles
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Quality Inn & Suites Matteson
4.86 miles
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Hampton Inn & Suites Chicago Southland-Matteson
4.92 miles
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Holiday Inn Matteson
4.95 miles
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Travelodge Matteson
4.99 miles
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Comfort Inn
5.04 miles
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Clarion South Holland
5.15 miles
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Best Western Plus South Holland/Chicago Southland
5.17 miles
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Econo Lodge
5.18 miles
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Travelodge
5.20 miles
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Super 8 South Holland
5.26 miles
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Dunkin'
0.96 miles
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Burger King
1.03 miles
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Brown's Chicken
1.07 miles
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Pepe's Mexican Restaurant
1.07 miles
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Little Caesars
1.09 miles
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Subway
1.10 miles
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Zarlengo's Italian Ice
1.18 miles
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Wendy's
1.39 miles
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Smoothie King
1.49 miles
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Arby's
1.52 miles
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Saint Agnes School
0.22 miles
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Washington-McKinley Junior High School
0.29 miles
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Roosevelt Elementary School
0.45 miles
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Chicago Heights Middle School
0.45 miles
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Former Bloom Community College
0.48 miles
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Bloom High School
0.63 miles
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Saint Anne School
0.66 miles
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Jefferson Elementary School
0.67 miles
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Lincoln-Gavin Elementary School
0.73 miles
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Ealry Childhood Program
0.79 miles
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Happy Days Child Care Center
7.09 miles
Frequently Asked Questions
The space currently listed for sale at 40-44 W Lincoln Highway asks for $915,000.
40-44 W Lincoln Highway totals 6,600 square feet.
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