3356 147th st - Restaurant FOR SALE


Midlothian, IL 60445
$85,000 USD
312-826-9925
3356 147th st, Midlothian, IL for Sale
$85,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

NEW


3356 147th st
Midlothian, IL 60445


HIGHLIGHTS

  • Value-add ±2,912 SF commercial building offered at only $85,000, approximately $29/SF, ideal for an owner-user or entrepreneur.
  • Direct exposure on 147th Street/IL Route 83, a major Midlothian commercial corridor with more than 18,000 vehicles per day.
  • B-1 zoning provides potential for restaurant, café, retail, professional office, personal services, medical, wellness and other neighborhood-serving u
  • Approximately 0.5 mile to Midlothian Metra with convenient regional access to I-57 and I-294.

OVERVIEW

MoHall Commercial & Urban Development presents a value-add commercial building for sale at 3356 W 147th Street in Midlothian, Illinois. Offered at $85,000, this approximately 2,912 SF property provides an affordable opportunity for an owner-user, entrepreneur, investor, or developer seeking to establish a business location along the highly traveled 147th Street/IL Route 83 corridor. The property is currently vacant and offers an existing commercial layout ready for renovation and repositioning. Previously configured for a hospitality use, the building features an open interior with substantial counter space and a flexible floor plan that can be adapted to support a new business concept. At approximately $29 per square foot, the acquisition provides a low entry basis for a buyer looking to invest in improvements and create long-term value. The property is located within Midlothian's B-1 Neighborhood Business Residential District, which supports a variety of neighborhood-oriented commercial uses. Potential uses include restaurant or café, specialty retail, professional office, personal services, medical or dental office, art or creative studio, indoor recreation, wellness, and other compatible business concepts, subject to applicable Village requirements and approvals. Location is a major advantage. The Village of Midlothian reports more than 18,000 vehicles per day along the 147th Street commercial corridor. The property is approximately 0.5 mile from the Midlothian Metra Station, Pace Route 354 serves 147th Street, and Midlothian is approximately five minutes from I-57 and I-294, providing convenient access throughout Chicago and the South Suburban market. An excellent opportunity to acquire an existing commercial building at an approachable price and reposition the property for its next chapter. Buyer to independently verify zoning, proposed use, building condition, square footage, parking, licensing requirements, and all applicable Village approvals.

FOR SALE DETAILS

PRICE

$85,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3356 W 147th Street Commercial Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

B-1

APN/PARCEL ID

28-11-227-019-0000

ASK ABOUT THIS PROPERTY

Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

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

Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

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