For Sale $915,000
Property Type Office
Property Size 6,600 SF
Units 0
Lot Size 0.5 Acre
Additional Rent Contact for pricing
# of Floors 1
Building Class C
Date Updated Sep 15, 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.

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Contacts

Location

Getting Around

Walk Score ®
63/100 Somewhat Walkable
Transit Score ®
42/100 Some Transit
Bike Score ®
70/100 Very Bikeable

Map
Street

City Chicago Heights, IL
Zip Code 60411
Market Chicago

Points of Interest

211th Street (Lincoln Highway)

2.84 miles
Homewood

4.12 miles
University Park

5.23 miles
Tinley Park-80th Avenue

9.51 miles
Riverdale

9.72 miles

BP

0.58 miles
Midwest

0.77 miles
Marathon

0.95 miles
Mobil

0.96 miles
BP

1.04 miles
Mobil

1.28 miles
Shell

1.52 miles
Citgo

1.74 miles
Marathon

1.77 miles
Speedway

2.30 miles

Hap Bruno Field

0.35 miles
U-Pull-It Salvage Yard

1.86 miles
Matteson Metra Station Lot #2

3.00 miles
Matteson Metra Station Lot #1

3.12 miles
Pace Homewood Park & Ride

4.05 miles
Southland College Prep Parking Lot

4.67 miles
Strip Mall Parking Lot

5.19 miles
Rest Area I-80 (East Bound)

5.49 miles
Rest Area I-80 (West Bound)

5.58 miles
Pace Harvey Park & Ride

7.29 miles

Quality Inn & Suites Matteson

4.86 miles
Hampton Inn & Suites Chicago Southland-Matteson

4.92 miles
Holiday Inn Matteson

4.94 miles
Travelodge by Wyndham Matteson

4.99 miles
Clarion

5.15 miles
Best Western Plus South Holland/Chicago Southland

5.17 miles
Econo Lodge

5.18 miles
Travelodge

5.20 miles
Super 8 South Holland

5.26 miles
Motel 6

5.34 miles

Dunkin'

0.96 miles
Burger King

1.03 miles
Brown's Chicken

1.07 miles
Little Caesars

1.09 miles
Subway

1.10 miles
Zarlengo's Italian Ice

1.18 miles
Wendy's

1.39 miles
Subway

1.47 miles
Arby's

1.52 miles
White Castle

1.53 miles

Saint Agnes School

0.22 miles
Washington-McKinley Junior High School

0.28 miles
Chicago Heights Middle School

0.43 miles
Roosevelt Elementary School

0.44 miles
Former Bloom Community College

0.48 miles
Bloom High School

0.64 miles
Saint Anne School

0.66 miles
Jefferson Elementary School

0.67 miles
Lincoln Elementary School

0.73 miles
Highlands School

0.79 miles

Happy Days Child Care Center

7.08 miles

Frequently Asked Questions

How much does 40-44 W Lincoln Highway cost?

The space currently listed for sale at 40-44 W Lincoln Highway asks for $915,000.

What is the total square footage of 40-44 W Lincoln Highway?

40-44 W Lincoln Highway totals 6,600 square feet.

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