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$ 1,199,000
Est. payment /mo
Active
25 E 16th ST Chicago Heights, IL 60411
6,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 6,250 sqft
Price per Sqft $191
MLS Listing ID 12479092
Year Built 1974
Tax Year 2023
Lot Dimensions 508X233X100X124X220X110X155X97
Property Sub-Type Retail/Stores
Property Description
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.
Location
State IL
County Cook
Area Chicago Heights
Zoning RTAIL
Interior
Cooling Central Air
Flooring Carpet, Concrete, Tile
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Building
Dwelling Type Retail/Stores
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ruben Vallejo of Village Realty, Inc.
