Active
400 E Illinois Street
Lemont IL, 60439
$995,000
$236.90 per sqft
Active
4,200 sqft
Other
Built in 1857
Courtesy of Coldwell Banker Realty
Discover a unique business opportunity in the heart of Historic Lemont with this completely renovated and rebuilt mixed-use corner building. Perfectly situated just one block from Main Street and close to public transportation, this property offers incredible potential as both an income producer and a thriving business location. This prime corner lot, measuring 50x45 feet, boasts a total building area of approximately 4,200 square feet. On the ground level, you'll find two completely renovated storefronts: an office space of approximately 1,000 square feet and a business corner storefront of roughly 1,200 square feet. Additionally, there is a lower-level basement for extra storage or utility space. The second level features two completely renovated 2-bedroom apartments, each approximately 1,050 square feet. The current rents for these units are low, presenting an opportunity for an increase to match current market rates. The property underwent a full renovation, including a new roof, interior finishes, and all mechanical equipment. The streetscape has been upgraded with new sidewalks and curbs, enhancing the overall appeal. Located just one block from Main Street, this property is conveniently close to public transportation and offers easy access to major highways I-55 at Lemont Rd., I-294, and I-355. This like-new property is a must-see for anyone to invest in this vibrant community. This is an exceptional opportunity with its prime location, extensive renovations, and potential for increased rental income. Schedule a viewing today.
11958491
MLSⓇ ID
January 9, 2024
Listed
August 23, 2024
Updated
Map
400 E Illinois Street
Lemont IL, 60439
Interior Features
Total Stories
2
Floor Description
Carpet, Tile, Varies
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.05 Acres
Roof
Membrane
Other Property Details
Area Name
Lemont
Taxes
$7,163
Tax Frequency
Annually
Days on Market
222
Garage
No
View
No
County
Cook
Municipality
Lemont
Pool
No
Zoning
COMMR
Listing History
Date | Event | Price |
---|---|---|
5/9/2024 | Price change | $995,000 -18% |
Courtesy of Coldwell Banker Realty, Charles Groebe,
Listing Contact: 312-981-5500
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Leticia Tassone are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 8/23/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 6:53 PM UTC, 8/23/2024