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Redevelopment Opportunity Calumet Park 1206 127th st

1,959 SF Retail Building Calumet Park, IL 60827 £39,966 (£20/SF)

Investment Highlights

  • Daily traffic counts estimated at over 16,500 vehicles on Ashland
  • Just off I-57 and near I-94,
  • Designated TIF (Tax Increment Financing) district

Executive Summary

Investors, developers, and small business owners: Don't miss out on this prime redevelopment opportunity at 1206 W 127th St, Calumet Park! This 1,959 sq ft commercial building, built in 1961, sits on a 2,500 sq ft lot and is ready for a complete gut rehab. Located between I-57 and I-94, this high-visibility property offers excellent access to major expressways and public transportation, including CTA and Metra Electric, making it convenient for commuters and clients alike. The building's strategic location in a growing commercial corridor is complemented by daily traffic counts of over 16,500 vehicles on nearby Ashland Ave, offering significant exposure to potential customers and tenants. The area is experiencing exciting revitalization with new developments, attracting businesses and residents, making this property a prime location for small business owners, service providers, and developers looking to expand or start a new project. As part of a Tax Increment Financing (TIF) district, developers may also benefit from financial incentives for redevelopment, further enhancing the appeal of this investment. Whether you're envisioning retail, office spaces, or a mixed-use development, the possibilities are endless. The surrounding community includes local businesses, schools, and a growing residential population, offering a built-in customer base for future businesses. This is your opportunity to invest in Calumet Park's rising commercial market and build a property that serves the evolving needs of the area. Property sold as-is. Bring your architect and contractor to explore the limitless possibilities.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Distress Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,959 SF
Building Class
C
Year Built
1961
Price
£39,966
Price Per SF
£20
Tenancy
Multiple
Number of Floors
1
Building FAR
0.75
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C2
Frontage
42 ft on West 127th Street

Amenities

  • 24 Hour Access

Nearby Major Retailers

Planet Fitness
Rent-A-Center
ALDI
Chili's Grill & Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-29-328-041-0000
  • 25-29-328-042-0000
Land Assessment
£4,996
Improvements Assessment
£35,399
Total Assessment
£40,395
  • Listing ID: 33462569

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 1206 127th st, Calumet Park, IL 60827

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