40-44 W Lincoln Highway

For Sale

44 West Lincoln Highway, Chicago Heights, IL 60411

This Chicago Heights property for sale is located at 44 West Lincoln Highway. The current listed sale price for 40-44 W Lincoln Highway is $915,000. 40-44 W Lincoln Highway is situated on a lot that is 0.5 acre in size.

Contacts

broker

Tony Hardy

KW ONEChicago

broker

Travis Montgomery

KW ONEChicago

broker

Tracii Randolph

Keller Williams ONEChicago

broker

Ariana Abercrumbie

KW ONEChicago

broker

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 2, 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 ®

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Location

  • 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.

Contact 40-44 W Lincoln Highway