Contacts

Tony Hardy

KW ONEChicago

Travis Montgomery

KW ONEChicago

Tracii Randolph

Keller Williams ONEChicago

Ariana Abercrumbie

KW ONEChicago

Kelly Rich

KW ONEChicago

Property Details

Property Type Office
Units 0
Lot Size 0.5 Acre
Additional Rent Contact for pricing
# of Floors 1
Building Class C
Date Updated Nov 20, 2024

KW Commercial & Keller Williams ONEChicago are pleased to present an exceptional investment opportunity located at 40-44 W. Lincoln Highway, Chicago Heights, IL 60411. This offering comprises two prime retail/office properties: a 5,600 square foot building at 44 W. Lincoln Highway and a 1,000 square foot building at 40 W. Lincoln Highway, combining for a total rentable building area of 6,600 square feet. The properties sit on a substantial land area of 21,687 square feet and are zoned R-4, making them versatile for various commercial uses.

An investor has the opportunity to backfill these spaces at a competitive lease rate of $15.60 per square foot NNN, thereby transferring the responsibility of property taxes, insurance, and common area maintenance (CAM) reimbursements to the tenants. This strategic leasing approach is projected to generate a pro forma year 1 net operating income (NOI) of $94,710, with an anticipated increase to $97,284 in year 2. The property is attractively listed at $915,000, offering a pro forma year 1 cap rate of 10.35%, which is expected to rise to 10.63% in year 2, presenting a lucrative return on investment.

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Getting around

63/100
Walk Score ®
42/100
Transit Score ®
70/100
Bike Score ®

Powered by Walk Score ®

City Chicago Heights, IL
Zip Code 60411
Market Chicago

Points of Interest

211th Street (Lincoln Highway)

2.84 miles
Flossmoor

3.15 miles
Homewood

4.12 miles
Calumet

4.75 miles
University Park

5.23 miles
Tinley Park

8.70 miles
Midlothian

9.05 miles
Riverdale

9.72 miles

Citgo

0.22 miles
BP

0.58 miles
Mobil

0.96 miles
Shell

1.52 miles
Marathon

1.63 miles
Tesla Supercharger

6.81 miles

Hap Bruno Field

0.35 miles
U-Pull-It Salvage Yard

1.86 miles
Matteson Metra Station Lot #2

3.00 miles
Matteson Metra Station Lot #1

3.12 miles
Pace Homewood Park & Ride

4.05 miles
Southland College Prep Parking Lot

4.67 miles
Strip Mall Parking Lot

5.19 miles
Rest Area I-80 (East Bound)

5.49 miles
Rest Area I-80 (West Bound)

5.58 miles
Pace Harvey Park & Ride

7.29 miles

Quality Inn & Suites Matteson

4.86 miles
Hampton Inn & Suites Chicago Southland-Matteson

4.92 miles
Holiday Inn Matteson

4.95 miles
Travelodge Matteson

4.99 miles
Comfort Inn

5.04 miles
Clarion South Holland

5.15 miles
Best Western Plus South Holland/Chicago Southland

5.17 miles
Econo Lodge

5.18 miles
Travelodge

5.20 miles
Super 8 South Holland

5.26 miles

Heights Fresh Market

0.44 miles
Country Square Foods

1.09 miles
ALDI

1.14 miles
Food 4 Less

1.47 miles
Walmart Supercenter

1.78 miles
Jewel-Osco

1.84 miles
Save-A-Lot

1.91 miles
Jet Foods

2.71 miles
WSI (Warehouse Specialists, LLC)

2.93 miles
Burlington

3.72 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.