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Cash Flowing Office with Upside | Chicago MSA 935 W 175th St 18,270 SF 99% Leased Office Building Online Auction Sale Homewood, IL 60430
Matterport 3D Tours
Investment Highlights
- 935 W 175th Street presents an 18,270-square-foot, three-story, multi-tenant office building that is fully sprinklered and professionally managed.
- Ideal for a professional owner/user or investor, as the site delivers both functionality and long-term value in a growing commercial corridor.
- Situated on a 0.95-acre lot with 84 surface parking spaces, offering convenience to Interstates 80 and 294, and close to major amenities.
- Approximately 1 block from the new Wind Creek Chicago Southland Casino, supporting area visibility and tenants' proximity to activities.
Executive Summary
Entre Commercial Realty proudly presents the fee-simple acquisition opportunity at 935 W 175th Street, an 18,270-square-foot multi-tenant office building located in Homewood, Illinois, within Chicago’s South Suburban Office Market.
The three-story brick, block, and steel building is situated on a 0.95-acre site and offers excellent access to Interstate 80 and Interstate 294, providing strong regional connectivity. The property is professionally managed, fully sprinklered, and supported by 84 on-site parking spaces. Zoned B-5 Business, the asset is well-positioned for an owner/user or investor seeking a well-located suburban office building.
Surrounded by established businesses, retail centers, and residential neighborhoods, this location offers accessibility and a strong local workforce. More than 35,600 daily passing vehicles travel along S Halstead Street, enabling strong visibility off Interstate 294 and built-in exposure benefits. Homewood daytime employees benefit from the suburb being on the Metra and Amtrak rail lines, and approximately 27 miles southwest of the Chicago metro. Out-of-town business travelers use Chicago Midway International and Chicago O’Hare International Airports, both within an hour or less of the site.
National retailers in strip malls and independent stores in the walkable downtown area provide a variety of shopping opportunities in Homewood. Daytime employees enjoy the outdoors, a staple of the scenic Homewood suburb, with lots of parks, gardens, golf courses, and country clubs. The Washington Park Plaza, Homewood Square, and Glenwood Plaza offer national retailers, local restaurants, and chain franchises, as well as after-work shopping for local tenants.
The Chicago office market is home to 24 Illinois’ Fortune 500 companies, spanning finance and healthcare, manufacturing, and consumer goods. Employment demand is distributed across office, industrial, healthcare, and mixed-use development, contributing to a balanced commercial real estate environment. Chicago's labor force is well educated, with 39% of residents (18 and older) holding a bachelor's degree or higher, compared with 33% nationally. This educational profile supports employment growth in professional services, finance, healthcare, technology, and research-driven industries. Major academic institutions, including the University of Chicago (24 miles), Northwestern University (40 miles), and the Illinois Institute of Technology (21 miles), contribute to a steady pipeline of talent. These factors support sustained demand for employment-oriented real estate, including office, medical office, and research facilities.
Property tours are by appointment only. Please contact the listing broker to schedule.
The three-story brick, block, and steel building is situated on a 0.95-acre site and offers excellent access to Interstate 80 and Interstate 294, providing strong regional connectivity. The property is professionally managed, fully sprinklered, and supported by 84 on-site parking spaces. Zoned B-5 Business, the asset is well-positioned for an owner/user or investor seeking a well-located suburban office building.
Surrounded by established businesses, retail centers, and residential neighborhoods, this location offers accessibility and a strong local workforce. More than 35,600 daily passing vehicles travel along S Halstead Street, enabling strong visibility off Interstate 294 and built-in exposure benefits. Homewood daytime employees benefit from the suburb being on the Metra and Amtrak rail lines, and approximately 27 miles southwest of the Chicago metro. Out-of-town business travelers use Chicago Midway International and Chicago O’Hare International Airports, both within an hour or less of the site.
National retailers in strip malls and independent stores in the walkable downtown area provide a variety of shopping opportunities in Homewood. Daytime employees enjoy the outdoors, a staple of the scenic Homewood suburb, with lots of parks, gardens, golf courses, and country clubs. The Washington Park Plaza, Homewood Square, and Glenwood Plaza offer national retailers, local restaurants, and chain franchises, as well as after-work shopping for local tenants.
The Chicago office market is home to 24 Illinois’ Fortune 500 companies, spanning finance and healthcare, manufacturing, and consumer goods. Employment demand is distributed across office, industrial, healthcare, and mixed-use development, contributing to a balanced commercial real estate environment. Chicago's labor force is well educated, with 39% of residents (18 and older) holding a bachelor's degree or higher, compared with 33% nationally. This educational profile supports employment growth in professional services, finance, healthcare, technology, and research-driven industries. Major academic institutions, including the University of Chicago (24 miles), Northwestern University (40 miles), and the Illinois Institute of Technology (21 miles), contribute to a steady pipeline of talent. These factors support sustained demand for employment-oriented real estate, including office, medical office, and research facilities.
Property tours are by appointment only. Please contact the listing broker to schedule.
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- Operating and Financials
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
18,270 SF
Building Class
B
Year Built
1985
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,000 SF
Building FAR
0.44
Lot Size
0.95 AC
Parcel Number
29-32-200-033-0000
Zoning
B-5, Homewood - Business
Parking
84 Spaces (4.6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Security System
- Kitchen
- Wi-Fi
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
4,370
77,262
231,479
2020 Population
4,231
72,262
213,285
2030 Population
4,416
78,636
236,331
2025-2030 Projected Population Growth
1.0%
1.8%
2.1%
Daytime Employees
5,290
32,588
76,240
Total Businesses
448
3,948
9,112
Average Household Income
$72,862
$91,561
$86,255
Median Household Income
$57,871
$70,110
$65,394
Total Consumer Spending
$47.2M
$799M
$2.3B
Median Age
45.5
41.0
40.4
2025 Households
1,970
28,035
83,481
Percent College Degree or Above
21%
16%
14%
Average Home Value
$201,060
$205,249
$200,272
Sale Advisors
Sale Advisors
Chris Wilbur, Broker
Chris brings with him four years of sales experience and two years as an office tenant broker in Chicago.
As an associate member at Entre, Chris focuses on business development for the team of Jeff Locascio. Chris’ services include tenant representation, and sales and leasing of industrial properties in South Chicago and the surrounding suburbs.
Prior to Entre, Chris spent two years with Advocate Commercial Real Estate Advisors in Chicago, where he specialized in business development throughout the west loop, and office leasing for law firms and financial institutions. His background in marketing, sales, and real estate provides his clients with a competitive edge.
Chris received his BS in Marketing from Saint Xavier University and is a licensed real estate broker in the state of Illinois
As an associate member at Entre, Chris focuses on business development for the team of Jeff Locascio. Chris’ services include tenant representation, and sales and leasing of industrial properties in South Chicago and the surrounding suburbs.
Prior to Entre, Chris spent two years with Advocate Commercial Real Estate Advisors in Chicago, where he specialized in business development throughout the west loop, and office leasing for law firms and financial institutions. His background in marketing, sales, and real estate provides his clients with a competitive edge.
Chris received his BS in Marketing from Saint Xavier University and is a licensed real estate broker in the state of Illinois
Jeffrey Locascio, SIOR
Jeffrey Locascio, SIOR
Highly experienced industry veteran. Industrial brokerage, business incentives, development, acquisitions, lease negotiations, and relocations.
Before his current role, Jeffrey was a principal at Newmark/ Epic Realty Partners/Transwestern as a principal and market leader.
Jeffrey holds a Bachelor of Science in Institutional Management from the University of Illinois at Urbana-Champaign and is a licensed real estate broker in both Illinois and Indiana.
Highly experienced industry veteran. Industrial brokerage, business incentives, development, acquisitions, lease negotiations, and relocations.
Before his current role, Jeffrey was a principal at Newmark/ Epic Realty Partners/Transwestern as a principal and market leader.
Jeffrey holds a Bachelor of Science in Institutional Management from the University of Illinois at Urbana-Champaign and is a licensed real estate broker in both Illinois and Indiana.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Cash Flowing Office with Upside | Chicago MSA | 935 W 175th St
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