1801 W 120th Street Calumet Park, IL $ 300,000
1801 W 120th Street
$ 300,000
Foreclosure
Share Save

1801 W 120th Street

Calumet Park, IL, 60827
$ 300,000
Baths0.0 Sq 19,000

Monthly Estimate*

$ 1,994

1801 W 120th Street, Calumet Park, IL 60827 - Image 1
1801 W 120th Street, Calumet Park, IL 60827 - Image 2
1801 W 120th Street, Calumet Park, IL 60827 - Image 3
1801 W 120th Street, Calumet Park, IL 60827 - Image 4
1801 W 120th Street, Calumet Park, IL 60827 - Image 5
Studio

Commercial Property for sale in Calumet Park, IL

for $300,000. This 19,000 square foot building was built in 1990 on a lot size of 0.69.

MoHall Commercial presents a transformative investment opportunity with this M2 Business Industrial-zoned warehouse at 1801 120th St, Calumet Park, IL. This property, nestled in a pivotal location within the Cal Sag Enterprise Zone and eligible for the Cook County Class 8 tax incentive, stands as a prime canvas for an investor ready to tap into the lucrative industrial market through strategic renovation. Positioned on a 0.69-acre lot and encompassing 19,000 square feet of adaptable space, this warehouse offers the physical and fiscal room to grow, bolstered by financial incentives aimed at revitalizing and enhancing business prospects. The Cal Sag Enterprise Zone provides a spectrum of benefits including substantial savings, while the Cook County Class 8 incentive offers a significant reduction in property taxes, creating a fertile ground for development and profit. Calumet Park, IL, is not just a location but a launching pad for businesses, given its proximity to vital highways and expressways, ensuring seamless access to the City of Chicago, less than 20 miles away. This strategic placement, coupled with the property's inherent potential for customization and improvement, renders it an ideal site for investors looking to capitalize on the vibrant industrial ecosystem. The warehouse itself, requiring renovation, is poised for a transformation that could redefine its value and utility in the industrial sector. With two drive-ins, and a minimum 18' clear height to max 30', it offers a robust foundation for a myriad of industrial activities. By leveraging the available incentives and grants, the right investor has the chance to not only refurbish a facility but to also significantly contribute to the economic growth of Calumet Park. This investment opportunity is more than just a property; it's a chance to play a pivotal role in the revitalization of an area poised for growth. It offers the unique combination of immediate benefits through zoning and fiscal incentives, with long-term rewards in an expanding industrial market. Explore the potential of this facility and envision the impact your investment could have in reshaping the industrial landscape of Calumet Park.

See more

Commercial Active

Price

$ 300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.69

Year Built

1990

Town/City

Calumet Park

County/Region

Cook

MLS | Web ID

12014361

Features
General
Cooling None
Zoning INDUS
Year Built 1990
Electric Service - 201 to 600 Amps
Stories 1
Tax Year 2022
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Status Active
Directions Take exit 355 for 119th St. West on W 119th St towards S Marshfield Ave. Right turn onto W 120th St
City Calumet Park
MLS Area Calumet Park
Lot Size Square Feet 47000
Street Name 120th
Additional Parcels Y/N Y
Leasable Area 19000
Days on Market 5
Standard Status Active
See more
Interior
Flooring Concrete
Street Suffix Street
See more
Exterior
Building Area Total 19000
Lot Dimensions 124 X 350
Lot Size Acres 0.69
See more
* Excluded Features
List By
Mohall Commerical & Urban Development

Broker

moses@mohallcommercialud.com

Email

Affordability Calculator

$1,994
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,994
Monthly Property Taxes
--
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

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
3/28/2024$300,000 Listed Price

Map


See all

1801 W 120th Street, Calumet Park, IL, 60827 is a Commercial Property for sale at $300,000 with 19,000 sqft and a lot size of 0.69. 1801 W 120th Street is a studio with 0.0 baths and was built in 1990. The property's zip code is 60827 which is in Calumet Park, IL