Foreclosure
Address
1801 W 120th Street, Calumet Park, IL
Price
$ 300,000
Property Attributes
- MLS#12014361
- TypeIndustrial
- CountyCOOK
- CityCalumet Park
- AreaCalumet Park
- Zip60827
- Style
- Price$ 300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage19000
- Lot Size0.69 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
MoHall Commercial presents a transformative investment opportunity with this M2 Business Industrial-zoned warehouse at 1801 120th St, Calumet Park, IL. This property, nestled in a pivotal location within the Cal Sag Enterprise Zone and eligible for the Cook County Class 8 tax incentive, stands as a prime canvas for an investor ready to tap into the lucrative industrial market through strategic renovation. Positioned on a 0.69-acre lot and encompassing 19,000 square feet of adaptable space, this warehouse offers the physical and fiscal room to grow, bolstered by financial incentives aimed at revitalizing and enhancing business prospects. The Cal Sag Enterprise Zone provides a spectrum of benefits including substantial savings, while the Cook County Class 8 incentive offers a significant reduction in property taxes, creating a fertile ground for development and profit. Calumet Park, IL, is not just a location but a launching pad for businesses, given its proximity to vital highways and expressways, ensuring seamless access to the City of Chicago, less than 20 miles away. This strategic placement, coupled with the property's inherent potential for customization and improvement, renders it an ideal site for investors looking to capitalize on the vibrant industrial ecosystem. The warehouse itself, requiring renovation, is poised for a transformation that could redefine its value and utility in the industrial sector. With two drive-ins, and a minimum 18' clear height to max 30', it offers a robust foundation for a myriad of industrial activities. By leveraging the available incentives and grants, the right investor has the chance to not only refurbish a facility but to also significantly contribute to the economic growth of Calumet Park. This investment opportunity is more than just a property; it's a chance to play a pivotal role in the revitalization of an area poised for growth. It offers the unique combination of immediate benefits through zoning and fiscal incentives, with long-term rewards in an expanding industrial market. Explore the potential of this facility and envision the impact your investment could have in reshaping the industrial landscape of Calumet Park.
| Price History | |
|---|---|
| 3/28/2024 | Listed $300,000 |
General Features
| Cooling | None |
|---|---|
| Zoning | INDUS |
| Year Built | 1990 |
| Electric | Service - 201 to 600 Amps |
| Stories | 1 |
| Tax Year | 2022 |
| County | Cook |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Take exit 355 for 119th St. West on W 119th St towards S Marshfield Ave. Right turn onto W 120th St |
| City | Calumet Park |
| MLS Area | Calumet Park |
| Lot Size Square Feet | 47000 |
| Street Name | 120th |
| Additional Parcels Y/N | Yes |
| Leasable Area | 19000 |
| Days on Market | 5 |
| Standard Status | Active |
| Property Type | Industrial |
Interior Features
| Flooring | Concrete |
|---|---|
| Street Suffix | Street |
Exterior Features
| Building Area Total | 19000 |
|---|---|
| Lot Dimensions | 124 X 350 |
| Lot Size Acres | 0.69 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Industrial Average in 60827
Price
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 18, 2024 2:23 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 18, 2024 2:23 PM UTC
