Listing Summary
Explore this 6,600 SF retail/office property for sale at 40–44 W. Lincoln Highway, Chicago Heights, IL. Features recent upgrades, strong income potential, and Class 8 tax incentive eligibility. Offered at $590,000.
Full Description
Prime Commercial Investment & Owner-User Opportunity Presented by KW Commercial and Keller Williams ONEChicago, this updated two-building retail and office property at 40–44 W. Lincoln Highway, Chicago Heights, IL 60411 is available for purchase at $590,000. Comprising a 5,600 SF building (44 W. Lincoln) and a 1,000 SF building (40 W. Lincoln), the total 6,600 square foot complex sits on a substantial 21,687 square foot parcel along a high-visibility corridor.
Recent Capital Improvements Ownership has completed significant upgrades to minimize near-term capital expenditures:
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Brand new roof on the smaller building (installed May 2026)
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Two newly installed HVAC systems
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Fresh clear protective coating applied to flooring
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Upgraded security system and various operational enhancements
Income Potential & Flexible Layouts
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Projected Revenue: Marketed at $12.00–$15.00/SF, full occupancy yields an estimated $91,350 in annual base rental income.
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Triple-Net (NNN) Structure: Leases can transfer operating burdens—such as taxes, insurance, and CAM—onto tenants.
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Occupancy Flexibility: Ideal for an owner-user to occupy one building while generating rental income from the other, or to lease the entire property to multiple tenants.
Cook County Class 8 Tax Incentive Potential Located within Bloom Township, the property is situated in an area potentially eligible for the Cook County Class 8 property-tax incentive. This program can significantly reduce the assessment level to 10% of market value for the first 10 years (compared to the standard 25%), drastically lowering long-term occupancy costs. (Note: Eligibility is subject to timely application, municipal support, and Cook County approval).
Seize this compelling acquisition basis, flexible setup, and high-visibility location. Contact us today to schedule your private tour!
Quick Glance
- Listing ID:
CL-Illinois-28344
- Status:
Active
- Year Build:
1956
- Building Size:
6,600 SqFt
- Lot Size:
0.50 Acr
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