14623 Waverly Avenue
Midlothian, IL, 60445 $ 259,000
Bedrooms-- Baths-- Sq 4,000 Monthly Estimate*
$ 1,635
for $259,000. This 4,000 square foot building was built in 1952 on a lot size of 0.2.
### **PRIME MIDLOTHIAN INVESTMENT & BUSINESS OPPORTUNITY** **Don't miss this opportunity!** Invest in an expansive **4,000-square-foot brick commercial building offering excellent visibility, functionality, and convenient access to major transportation routes. The property is currently ready for immediate occupancy**, providing an owner-user or investor with the flexibility to establish a business, expand operations, or reposition the property for a variety of permitted uses. The building features **three (3) overhead doors, with 12ft and 10 ft heights, a side drive, and front parking**, providing excellent functionality for businesses requiring loading, vehicle access, or additional parking. **Recent improvements add significant value**, including **upgrades to the electrical system and natural gas service**, as well as a newer roof, glass block windows, tuckpointing, and **framing that has been started for a new ADA-compliant bathroom**, allowing the next owner to continue the improvements and customize the space to meet their specific operational needs. The property is zoned **O/I - Office/Limited Industrial District**, offering a range of potential commercial and light industrial applications, subject to municipal approval. Potential uses may include **mini-warehouse/distribution, vehicle repair garage, light manufacturing, contractor-related operations, warehouse uses, and other office/industrial applications** Location is a major advantage. Situated in **Midlothian with convenient access to I-57, I-294, 147th Street, and Metra**, the property provides an excellent strategic location for businesses serving the south suburban Chicago market. **Whether you are an owner-user seeking an affordable commercial facility or an investor looking for a versatile property with upside potential, this 4,000-square-foot Midlothian opportunity deserves your attention.**
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FeaturesGeneralCooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Block Brick
Year Built 1952
Electric Service - 201 to 600 Amps
Tenant Pays Common Area Maintenance Electricity Heat Janitorial Service Insurance
Stories Count 1
Tax Year 2022
Current Use Commercial
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Possible Use Commercial Industrial
Status New
Directions I-57 to 147th West to Waverly North to the property.
City Midlothian
Number Of Units Total 1
MLS Area Midlothian
Lot Size Square Feet 8750
Tax Annual Amount 0
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 4000
Lot Dimensions 50 X 175
Lot Size Acres 0.2
Frontage Type City Street
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* Excluded FeaturesList Bymgalvanrealestate@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,635
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 NearbyCommerical listings in Midlothian, IL
Average List Price $931,580
Percent of Sale Price 260%
About Midlothian, IL 13,854 Population
-1% Since 2002
$ 63,413 Median Income
37.17 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/2/2026 | $259,000 | | Listed Price |