3255 183rd St
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3255 183rd St
2,200 SF Retail Building Homewood, IL 60430 $369,000 ($168/SF)
Investment Highlights
- Prime Central Location
- High Traffic Count - Located less than a mile near I-80
- Village of Homewood working with Heavy Redevelopment
- Located 10 Mins from New Casino
- Existing Commercial B-3 Zoning
Executive Summary
Location: 183rd Street, Intersection of 183rd & Kedzie
Zoning / Lot Size: B3 / 0.8 Acres
Street Frontage: 132 ft x 264 ft
Word is out in “Home Sweet Homewood” as area is transforming, with significant commercial expansions and redevelopments (2 retailers) and new outlots (Starbucks) a block away. Homewood and Hazel Crest are business-friendly and actively support economic growth, ensuring this location will become a bustling hub of activity. This opportunity is great value when comparing similar property sales nearby.
Ownership truly believes this may be a once in a lifetime opportunity and is willing to stay involved “Home Sweet Homewood Forever” as owner/developer long term, with a willingness to partner and co-develop. Multiple village incentives are available to develop and enhance.
Key Features:
• Prime Commercial Location: Minutes from essential amenities, top-rated schools / Homewood Flossmoor, shopping, and major highways (I-90/94 and I-294).
• Nearby Attractions: Close proximity to Advocate South Suburban Hospital, H-F School District, the upcoming Wind Creek Casino (opening late 2024), and multiple golf courses.
• Transportation: Easy access to Amtrak/Metra (2 miles/5 minutes).
Endless Potential and options:
• Indoor Commercial Place of Assembly
• Retail and Multi-tenant Shopping Center (less than 5,000 sq ft)
• Coworking Space
• Medical or Professional Office
• Restaurant/Bar
• Motor Vehicle Sales/Service
• Artisan Manufacturing, Assembly, Fabrication
• Electric Vehicle Charging Station
• Solar Energy Collection System
Requirements:
• Proof of Funds or Pre-Qualified Mortgage
• Listing Agent has Ownership Interest
• Located in a mid to upper class south suburb of Chicago. Area has high disposable income. Amazon built new fulfillment center 10 min north. New construction residential and mixed use have been built within the last 3 years.
• The smart buyer will buy with other successful owners, are you ready to join them
• Buyers working without an agent should contact listing agent directly to purchase and get a deal moving forward.
Zoning / Lot Size: B3 / 0.8 Acres
Street Frontage: 132 ft x 264 ft
Word is out in “Home Sweet Homewood” as area is transforming, with significant commercial expansions and redevelopments (2 retailers) and new outlots (Starbucks) a block away. Homewood and Hazel Crest are business-friendly and actively support economic growth, ensuring this location will become a bustling hub of activity. This opportunity is great value when comparing similar property sales nearby.
Ownership truly believes this may be a once in a lifetime opportunity and is willing to stay involved “Home Sweet Homewood Forever” as owner/developer long term, with a willingness to partner and co-develop. Multiple village incentives are available to develop and enhance.
Key Features:
• Prime Commercial Location: Minutes from essential amenities, top-rated schools / Homewood Flossmoor, shopping, and major highways (I-90/94 and I-294).
• Nearby Attractions: Close proximity to Advocate South Suburban Hospital, H-F School District, the upcoming Wind Creek Casino (opening late 2024), and multiple golf courses.
• Transportation: Easy access to Amtrak/Metra (2 miles/5 minutes).
Endless Potential and options:
• Indoor Commercial Place of Assembly
• Retail and Multi-tenant Shopping Center (less than 5,000 sq ft)
• Coworking Space
• Medical or Professional Office
• Restaurant/Bar
• Motor Vehicle Sales/Service
• Artisan Manufacturing, Assembly, Fabrication
• Electric Vehicle Charging Station
• Solar Energy Collection System
Requirements:
• Proof of Funds or Pre-Qualified Mortgage
• Listing Agent has Ownership Interest
• Located in a mid to upper class south suburb of Chicago. Area has high disposable income. Amazon built new fulfillment center 10 min north. New construction residential and mixed use have been built within the last 3 years.
• The smart buyer will buy with other successful owners, are you ready to join them
• Buyers working without an agent should contact listing agent directly to purchase and get a deal moving forward.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
1936
Price
$369,000
Price Per SF
$168
Tenancy
Single
Building Height
2 Stories
Building FAR
0.06
Land Acres
0.80 AC
Zoning
B3 - B3 Zoning
Parking
10 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
130 FT on 183rd Street
Amenities
- Fenced Lot
- Storage Space
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
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3255 183rd St
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