25 E 16th St - Loft/Creative Space FOR SALE


Chicago Heights, IL 60411
$1,199,000 USD
708-560-3499
25 E 16th St, Chicago Heights, IL for Sale
$1,199,000 USD
Loft/Creative Space - FOR SALE
1/20
null | Request Cap Rate

Dec '25


25 E 16th St
Chicago Heights, IL 60411


HIGHLIGHTS

  • GREAT STREET EXPOSURE
  • REDEVELOPMENT OPPORTUNITY
  • POTENTIAL TO BE MIXED USE PROPERTY
  • LOTS OF PARKING AVAILABLE
  • LOCATED NEAR THE DOWNTOWN
  • OWNER/USER OPTION

OVERVIEW

THIS FORMER BANK BUILDING IS 6,250 SF WITH A FULL BASEMENT OFFERING ANOTHER 6,250 SF, OF WHICH ABOUT 5,400 SF IS LEASABLE AND USABLE SPACE, ALL SITUATED ON 1.5 ACRES. LOCATED IN THE CENTRAL BUSINESS DISTRICT, THE PROPERTY IS ZONED MX2 (MIXED USE) - AN INCREASINGLY DESIRABLE DESIGNATION WITH NEW DEVELOPMENT ALREADY PLANNED IN THE AREA. ALL FIXTURES FOR A BANK FACILITY REMAIN IN PLACE, INCLUDING 3 SAFES. FEATURES INCLUDE A LARGE LOBBY AREA, TRAINING ROOM, PRIVATE OFFICES WITH BATHROOMS, AND A FULLY FINISHED BASEMENT WITH A KITCHEN, MULTIPURPOSE ROOM, BANQUET ROOM, AND TWO ADDITIONAL BATHROOMS. THE ZONING ALLOWS FOR A WIDE RANGE OF USES INCLUDING RETAIL, OFFICE, DAYCARE, BANK, OR EVEN RESIDENTIAL CONVERSION. THE CITY OF CHICAGO HEIGHTS IS OPEN TO APARTMENTS BEING ADDED TO THE EXISTING BUILDING, MAKING THIS AN ATTRACTIVE REDEVELOPMENT PLAY. ADDITIONAL HIGHLIGHTS INCLUDE SOLID MASONRY CONSTRUCTION, PLENTY OF PARKING, EXPANSION LAND, BACKUP GENERATOR, ALARM SYSTEM, SECURITY CAMERAS, AND OVER 800 AMP, 3-PHASE SERVICE.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Youth and Adult Center YAC

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Business

APN/PARCEL ID

32-20-416-008-0000,32-20-416-009-0000,32-20-416-016-0000,32-20-416-017-0000,32-20-416-019-0000,32-20-416-020-0000,32-20-416-021-0000,32-20-416-022-0000

ASK ABOUT THIS PROPERTY

Ruben VallejoVRS CommercialMore Info
708-560-3499

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Ruben VallejoVRS CommercialMore Info
708-560-3499

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.