Property Listing No Longer Available for Sale

18201 Dixie Highway, Homewood, IL

Office for Sale - $600,000 - 19,540 Sq. Ft. on 1.13 acres


Property Info

CIMLS#969209
Location
  18201 Dixie Highway
  Homewood IL 60430
UpdatedDecember 29th, 2017
TypeOffice
Price$600,000
Building19,540 Sq. Ft.
Land1.13 acres

Property Description

Property available for sale individually or as part of an Office and Retail Portfolio. 18201 Dixie Highway in Homewood is a hybrid of office and retail tenants and is in close proximity to downtown and the Homewood Metra station. The Property appeals to tenants seeking visibility along the well traveled Dixie Highway which is only minutes from the full interchange at I-294. Developed in 1940 and renovated in 1997, the Property offers both street frontage and private entrances for select spaces. The Property is functionally designed with the ability to accommodate small to large tenants, with current tenancy ranging from just under 1,400 square feet to over 7,000 square feet. The Property is extremely well-parked with 58 spaces on site along with street parking. A stabilized rent roll and low capital requirements make this an ideal investment well into the future.

Location Description:

This 19,540 sf multi-tenant retail center is located 25 miles south of the Chicago Loop, in close proximity to all major Illinois highways, including I-80, I-94, I-294, and I-57. Downtown Center is well-located with great visibility on Dixie highway just north of 183rd Street and is home to restaurant destination Fratello's Imports & Eatery. The Property is within walking distance of Homewood's vibrant downtown shopping area and adjacent to local favorite Mitchell's Ice Cream Parlor.

Highlights:

>> Available individually or part of portfolio

>> Well maintained/stabilized multi-tenant retail center

>> 69.5% leased

>> Proximity to all major Illinois highways

>> Strong local and regional tenant base

>> Five tenants. Average Tenant Size is 5,034 SF


Financials


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