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Vacant ( Arby's) 207 S Halsted 2,306 SF Retail Building Chicago Heights, IL 60411 $799,000 ($346.49/SF)
Investment Highlights
- Redevelopment & Value Add Opportunity
- High-Demand Urban Location
- Transit Oriented Location
- Exceptional Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a vacant building located at 207 S Halstead Street in Chicago Heights, Illinois (the “Property”). The Property is a former Arby’s improved by a vacant 2,306 square foot single story building on a 46,699 square foot (1.07-acre) parcel of land and is zoned B-2 Limited Service Business District, one of the most versatile zoning designations in Chicago Heights. 207 S Halstead Street offers the opportunity to re-tenant the Property, redevelop the Property, or to use the Property as an owner-user opportunity. The Property is well-located along S Halstead Street (IL Route 1), the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility and frontage as well as two points of access. The Property is across the street from Prairie State College, within 1.5 miles of three High Schools, and is convenient to dense residential neighborhoods, all of which provide a built-in and captive customer base. The Property is on the Pace bus line and enjoys quick access to US Route 30, IL Routes 1, 394, 83, and 50, and is 3.5 miles from Interstate 294, which connects with Interstates 80, 57, and 94. The Property is also just 3 miles from Flossmoor Metra Station on the Metra Electric Line. The Property also offers quick access to US Routes 45 and 12 and Interstates 294, 190 and 90. The high-demand for real estate with close proximity to schools, colleges, and area highways make this a great opportunity for an investor seeking an owner-user or redevelopment site in the Chicago MSA
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,306 SF
Building Class
B
Year Built/Renovated
1998/2019
Price
$799,000
Price Per SF
$346.49
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.07 AC
Zoning
B-2 - Neighborhood Mixed-Use zoning
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-16-102-020-0000 | Improvements Assessment | $110,309 |
| Land Assessment | $36,714 | Total Assessment | $147,023 |
Property Taxes
Parcel Number
32-16-102-020-0000
Land Assessment
$36,714
Improvements Assessment
$110,309
Total Assessment
$147,023
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Vacant ( Arby's) | 207 S Halsted
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