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206-214 E 154th St
Harvey, IL 60426
Retail Property For Sale
Investment Highlights
- Direct access to I-294 and I-57 with excellent visibility from E 154th Street.
- Significant redevelopment momentum in the Southland region with opportunities for mixed-use or senior-focused projects.
- Across from the renovated Harvey Metra Train Station, part of a $20 million reinvestment project.
- Surrounded by national retailers and essential services including UChicago Medicine, USPS, and Fifth Third Bank.
Executive Summary
This offering presents a 0.29-acre land parcel with a 2,869-square-foot building located at 206-214 E 154th Street in Harvey, Illinois. Positioned adjacent to the newly renovated Harvey Metra Train Station and directly accessible via I-294 and I-57, the property benefits from strong visibility and connectivity to major regional transportation routes.
The Southland market continues to attract reinvestment momentum, with more than $20 million recently directed toward infrastructure and growth initiatives. This includes the Metra station’s significant upgrade and surrounding development projects that enhance accessibility and encourage mixed-use opportunities. Nearby, the Amazon fulfillment center in Markham drives sustained commercial activity and creates a supportive environment for neighborhood-serving retail, residential, or specialty development concepts. Additionally, demand for senior housing remains high, as indicated by long waiting lists at existing facilities in the area, highlighting potential opportunities for investors focused on senior living development. With proximity to national and regional retailers, healthcare providers, and established businesses, this site is strategically positioned to capture future growth within a rapidly improving corridor.
The Southland market continues to attract reinvestment momentum, with more than $20 million recently directed toward infrastructure and growth initiatives. This includes the Metra station’s significant upgrade and surrounding development projects that enhance accessibility and encourage mixed-use opportunities. Nearby, the Amazon fulfillment center in Markham drives sustained commercial activity and creates a supportive environment for neighborhood-serving retail, residential, or specialty development concepts. Additionally, demand for senior housing remains high, as indicated by long waiting lists at existing facilities in the area, highlighting potential opportunities for investors focused on senior living development. With proximity to national and regional retailers, healthcare providers, and established businesses, this site is strategically positioned to capture future growth within a rapidly improving corridor.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
2,869 SF
Building Class
C
Year Built
1900
Price
$700,000
Price Per SF
$243.99
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.00 AC
Property Taxes
| Parcel Numbers | Improvements Assessment | $24,739 | |
| Land Assessment | $10,363 | Total Assessment | $35,102 |
Property Taxes
Parcel Numbers
Land Assessment
$10,363
Improvements Assessment
$24,739
Total Assessment
$35,102
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