Skip To Content
    Return to Previous Page

    12842 Western Avenue

    Blue Island, IL 60406
    • $260,000
    • STATUS: Active
    • ON SITE: 144 days
    • MLS #: 10698937
    UPDATED: 25 min ago
    $260,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,240
      SQFT
    • $16
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:
    Area:

    School Ratings & Info

    Description

    Auction! $260,000 is the suggested opening bid for the online auction, not an asking price; the reserve price is higher. This income producing, approx. 16,240 sf mixed use building is located in a well stabilized section of Western Avenue in Blue Island, near Interstate 57, only 15 miles from downtown Chicago. It has an approx. 1,600 sf retail storefront leased to a long term tenant (hair salon) and two leased residential units (a one bedroom unit and a two bedroom unit), all with strong rental history. It offers an approx. 12,400 sf vacant warehouse with approx.14' ceiling heights (formerly occupied by the now retired owners' food distribution business). The warehouse has two floors (approx. 5,800 sf each) plus a full floor basement (approx. 6,500 sf) with all floors accessible via stairs and freight elevator. The second floor of the warehouse is bow trussed with recent repairs and upgrades. The rear has a commercial drive through garage with alley access. Adjacent is a 12 space, gated parking lot. The roof was replaced in the last 9 years and all mechanicals and elevator recently maintained, including a new boiler. Sellers have retired. Title is clear. Recent inspection and appraisal available. The warehouse is vacant, clean and ready for the next new venture! Title is clear. Sellers have retired and closed the food distribution business. The warehouse portion of the building is vacant, clean and ready for the next new venture!

    Monthly Payment Calculator



    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-19T06:53:02.447 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.greaterchicagohomesearch.com/homes/105349183
    Print Image

    12842 Western Avenue Blue Island, IL 60406

    • Price: $260,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 10698937
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    16,240
    SQFT
    $16
    $/SQFT
    1927
    Built
    Neighborhood:
    Blue Island
    County:
    Cook
    Area:
    Blue Island
    Property Description
    Auction! $260,000 is the suggested opening bid for the online auction, not an asking price; the reserve price is higher. This income producing, approx. 16,240 sf mixed use building is located in a well stabilized section of Western Avenue in Blue Island, near Interstate 57, only 15 miles from downtown Chicago. It has an approx. 1,600 sf retail storefront leased to a long term tenant (hair salon) and two leased residential units (a one bedroom unit and a two bedroom unit), all with strong rental history. It offers an approx. 12,400 sf vacant warehouse with approx.14' ceiling heights (formerly occupied by the now retired owners' food distribution business). The warehouse has two floors (approx. 5,800 sf each) plus a full floor basement (approx. 6,500 sf) with all floors accessible via stairs and freight elevator. The second floor of the warehouse is bow trussed with recent repairs and upgrades. The rear has a commercial drive through garage with alley access. Adjacent is a 12 space, gated parking lot. The roof was replaced in the last 9 years and all mechanicals and elevator recently maintained, including a new boiler. Sellers have retired. Title is clear. Recent inspection and appraisal available. The warehouse is vacant, clean and ready for the next new venture! Title is clear. Sellers have retired and closed the food distribution business. The warehouse portion of the building is vacant, clean and ready for the next new venture!
    Exterior Features

    Lot Dimensions 80X175 Lot Sq Ft 13888 Number Of Parking Spaces 12

    Interior Features

    Air Conditioning Central Air Fire Protection Alarm MonitoredAlarm On SiteFire Extinguisher/SOther Number Of Apts 2 Number Of Offices 1 Number Of Stores 1 Number Of Stories 3

    Property Features

    Age Older Built Before1978 YN Yes Electrical Service 201-600 Amps Electricity Expense 0 Fuel Expense 0 Geographic Locale South Suburban Gross Rental Income Amount 0 Heat Ventilation Ceiling Units Insurance Expense 0 Net Oper Income Amount 0 Other Expenses 0 Rental Price 0 Tax Year 2018 Taxes 25140 Tenant Pays Other Total Annual Exp 0 Total Annual Income 0 Total Monthly Income 0 Township Worth Water Expense 0 Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Aw Properties Global/Auction Works.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-19T06:53:02.447 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10698937-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10698937-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10698937-2.jpg
    Logo
    RE/MAX IMPACT
    1027 E. 9th Street
    Lockport IL, 60441