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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 850,000

Est. payment | -/mo

14,224 SqFt

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$ 850,000

Est. payment | -/mo

Save

14,224 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 14,224 sqft

Price per Sqft $59

MLS Listing ID 12744493

Year Built 1929

Annual Tax Amount $26,594

Tax Year 2025

Lot Dimensions 28 x 140 x 3.5 x 122 x 83 x

Property Sub-Type Mixed Use

Property Description

Exceptional MixedUse Opportunity in the Heart of Midlothian's Proposed Downtown Business District! Built in 1929, this historic commercial landmark offers the kind of solid, enduring construction rarely found today ready to generate income immediately while providing endless avenues for customization. Perfectly positioned adjacent to the Metra train station, the building benefits from steady daily foot traffic ideal for retail, service, or professional tenants. It sits within the Downtown TIF District, opening the door for redevelopment incentives and improvements tailored to your specific vision. The first floor features multiple entrances and flexible layout options, allowing you to lease spaces ranging from 500 sq. ft. up to 2,000 sq. ft. Whether you envision boutique retail, office suites, or specialty services, the configuration possibilities are wideopen. The upper level is where imagination truly takes flight. With soaring exposed beams, abundant natural light, and a unique industrial character, this space is primed for transformation into up to five loftstyle apartments or condominiums. It also offers an incredible setting for a restaurant, microbrewery, event space, or creative studio. A small service elevator is already in place and can be expanded to better serve the upper level. Car enthusiasts and collectors will appreciate the building's original purpose as a Ford dealership, complete with an access ramp leading to the upper floor-perfect for storing a custom car collection or even establishing a museum or gallery. Parking is convenient and plentiful, with the Metra lot across the street offering free evening parking for patrons, residents, or guests. This property is a rare blend of history, location, and adaptability. It can produce income as it stands today, while offering the freedom to customize, expand, and reimagine its future in countless ways. A true cornerstone opportunity in Midlothian's evolving downtown landscape.

Location

State IL

County Cook

Area Midlothian

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Roof Type Membrane,Reflective Coating

Building

Dwelling Type Mixed Use

Water Municipal Water

Structure Type Brick,Concrete

Listed by Lenny Feil of Century 21 Harthside Realtors

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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3824 147th ST Midlothian, IL 60445