12757 S Western Ave
Blue Island, IL 60406

This is a unique former masonic lodge on Western Ave is in the heart of Blue Island main commerce area. The building is 4 stories with on-site parking and large free public parking lot next door. The property is approximately 25% occupied and will be sold "as is". The short term leases offer any potential buyer maximum flexibility for utilization of the space. The property is a prime location for professional offices. The building is located in the heart of Blue Island with in a half mile of large medical center and Blue Island Courthouse and Clerks office. The current tenants cover nearly all annual expenses with only 25% occupancy. Therefore, based on calculations using market averages if a new owner were to make improvements and lease the building to 75% occupancy the capitalization rate would be over 10%. This property is located in the heart of Blue Island's main corridor on Western Ave. It's conveniently located less than a half mile to the nearest Metra Train Station and there is Easy Access to I-294 on 127th Street and I-57 via Western Ave.