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$1,199,000   Price Analysis
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25 E 16th St
Chicago Heights, IL 60411
Unknown bed 0 bath unknown SqFt ($0/SqFt)
1.5 acre lot.
Listed 2024-06-06
Ⓧ USDA Ineligible
due to property

near Lynwood

FORMER BANK BUILDING WHICH CURRENTLY IS HOME TO THE YOUTH and ADULT CENTER IN CHICAGO HEIGHTS.

THE BUILDING IS 6, 250 SF AND HAS A FULL BASEMENT WITH ANOTHER 6, 250 SF OF WHICH, ABOUT 5, 400 SF IS LEASEABLE AND USABLE SPACE AND SITS ON 1.5 ACRES. IT IS LOCATED IN THE CENTRAL BUSINESS DISTRICT AND ZONED B-5 WHERE THERE IS LOTS OF CONTEMPORARY DEVELOPMENT PLANNED. ALL FIXTURES FOR A BANK FACILITY ARE ALL IN PLACE INCLUDING 3 SAFES. HAS A HUGE LOBBY AREA, TRAINING ROOM AND PRIVATE OFFICES WITH BATHROOM.

THE BASEMENT HAS A KITCHEN, ALL PURPOSE ROOM, BANQUET ROOM AND TWO BATHROOMS. PERFECT FOR ANY RETAIL, OFFICE, DAY CARE OR BANK USER. HAS ADDITIONAL LAND FOR EXPANSION and GROWTH. THE CITY OF CHICAGO HEIGHTS IS OPEN TO ADDING APARTMENTS TO THE EXISTING BUILDING. SOLID MASONRY CONSTRUCTION AND COMES WITH A BACKUP GENERATOR, ALARM SYSTEM and SECURITY CAMERAS. PLENTY OF PARKING. ALL PERSONAL FURNITURE ALSO FOR SALE. HAS OVER 800 AMP, 3 PHASE SERVICE.


Presented by RUBEN VALLEJO at
RE MAX 10.
Listing Agent Photo

Property MLS #12076839 from MRED

Total Bathrooms: 0

Yes

Additional Parcels Description: 32204160080000, 32204160090000, 32204160170000, 32204160180000, 32204160190000, 32204160200000, 32204160210000, 32204160220000, 32204160280000, 32204160290000, 32204160300000, 32204160310000
Additional Parcels: Yes
Lot Size Acres: 1.5
Lot Size Dimensions: 508X233X100X124X220X110X155X97
Lot Size Square Feet: 65340

Frontage Length: 508
Frontage Type: City Street, Public Road, Paved
Road Surface Type: Asphalt

Driveway: Asphalt

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: 170
High School District: 206

Washington-Mckinley Elementary School is a public elementary school located approximately 0.1 miles away.
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Bloom High School is a public high school located approximately 0.8 miles away.
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St Agnes School is a private elementary and middle school located approximately 0.1 miles away.
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Regl Inst Scholastic Excellence is a public middle and high school located approximately 1.6 miles away.
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Source Listing Status: Active
County: Cook
Current Use: Commercial
Directions: RT. 30 (LINCOLN HWY) TO CHICAGO RD. SOUTH TO 16th STREET. EAST TO PROPERTY.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Land
Possible Use: Commercial, Condominium, Office and Research, Retail
Parcel Number: 32204160160000
Township: Bloom
Zoning: COMMR
Property Subtype: Land
Source System Name: C2C

Listed 2024-06-06
$1,199,000
MRED
Listing removed 2024-04-01
$1,199,000
MRED
Listed 2023-09-12
$1,199,000
MRED
Listing removed 2023-06-01
$1,199,000
MRED
Listed 2023-02-09
$1,199,000
MRED

Electric to Site
Gas to Site
Water to Site
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.