8784 Archer Avenue Willow Springs, IL $ 289,900
8784 Archer Avenue
$ 289,900
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8784 Archer Avenue

Willow Springs, IL, 60480
$ 289,900
Baths0.0

Monthly Estimate*

$ 1,927

8784 Archer Avenue, Willow Springs, IL 60480 - Image 1
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8784 Archer Avenue, Willow Springs, IL 60480 - Image 10
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Studio

Commercial Property for sale in Willow Springs, IL

for $289,900. This building was built in 1928 on a lot size of 0.93.

Opportunity to invest in an area with immense potential! Situated in a highly sought-after location, this property is primed for development. Currently used as a rental building, it offers the versatility to transition seamlessly into either COMMERCIAL or RESIDENTIAL use, providing a dual zoning option for potential buyers. The first floor boasts 2 bedrooms, 1 bathroom, and hardwood flooring throughout. On the second floor, you'll find 1 bedroom and 1 bathroom. With two separate electric meters, the property offers flexibility for different uses. Additionally, the expansive basement provides ample space for extra storage, further enhancing its utility. Each floor tenant is allocated two parking spots, and the property is conveniently within walking distance of the Metra. The land itself is just shy of an acre. Additional 2 acres for sale next door. This property is a must-see for anyone with an interest in embarking on their next development project! Close to I55 & I294, forest preserves, walking trails, shopping.

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Commercial Pending

Price

$ 289,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,844

Style

Multi-Family

Lot Size

0.93

Year Built

1928

Town/City

Willow Springs

County/Region

Cook

MLS | Web ID

11899319

Features
General
Cooling Central Air Window Unit(s) Zoned
Zoning COMMR
Construction Materials Wood Frame
Year Built 1928
Electric Separate Meters
Tenant Pays Electricity Heat
Stories 2
Township Palos
Tax Year 2021
Current Use Multi-Family
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Instut/To Develop
Possible Use Commercial Legal Non Conforming Non Conforming Multi-Family Retail Special Use
Status Pending
Directions Archer Ave. West of Willow Springs Rd.
City Willow Springs
MLS Area Willow Springs
Waterfront Y/N N
Street Name Archer
Tax Annual Amount 11844
Additional Parcels Y/N N
Days on Market 154
Lease Type N/A
Standard Status Pending
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Exterior
Lot Dimensions 98X387X97X389
Lot Size Acres 0.93
Frontage Type Public Road
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Coldwell Banker Realty

Broker

izabela.omielan@cbexchange.com

Email

Affordability Calculator

$2,914
Per Month
66%
34%
0%
Monthly Principal & Interest
$1,927
Monthly Property Taxes
$987
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2023$289,900 -3.33% Price Down
10/24/2023$299,900 Listed Price

Map


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8784 Archer Avenue, Willow Springs, IL, 60480 is a Commercial Property for sale at $289,900 with a lot size of 0.93. 8784 Archer Avenue is a studio with 0.0 baths and was built in 1928. The property's zip code is 60480 which is in Willow Springs, IL