$ 995,000
400 E Illinois Street Lemont, IL 60439
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$ 995,000
Est. payment | /mo
4,200 SqFt
$ 995,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $236
MLS Listing ID 11958491
Year Built 1857
Annual Tax Amount $8,936
Tax Year 2023
Lot Dimensions 50X45
Property Description
Discover a unique business opportunity in the heart of Historic Lemont with this completely renovated and rebuilt mixed-use corner building. Perfectly situated just one block from Main Street and close to public transportation, this property offers incredible potential as both an income producer and a thriving business location. This prime corner lot, measuring 50x45 feet, boasts a total building area of approximately 4,200 square feet. On the ground level, you'll find two completely renovated storefronts: an office space of approximately 1,000 square feet and a business corner storefront of roughly 1,200 square feet. Additionally, there is a lower-level basement for extra storage or utility space. The second level features two completely renovated 2-bedroom apartments, each approximately 1,050 square feet. The current rents for these units are low, presenting an opportunity for an increase to match current market rates. The property underwent a full renovation, including a new roof, interior finishes, and all mechanical equipment. The streetscape has been upgraded with new sidewalks and curbs, enhancing the overall appeal. Located just one block from Main Street, this property is conveniently close to public transportation and offers easy access to major highways I-55 at Lemont Rd., I-294, and I-355. This like-new property is a must-see for anyone to invest in this vibrant community. This is an exceptional opportunity with its prime location, extensive renovations, and potential for increased rental income. Schedule a viewing today.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Tile, Varies
Fireplace Y
Exterior
View Y/N true
Roof Type Membrane
Building
Foundation Stone
Structure Type Wood Frame
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Charles Groebe • Coldwell Banker Realty
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