18660 Dixie Highway, Homewood, IL 60430
- $1,690,000
- $1,750,000
Description
Rare opportunity to own a well-established strip mall in the heart of Homewood, conveniently located just steps from the Metra train station and approximately 35 minutes from downtown Chicago. This multi-unit commercial property features 11 business suites with a strong mix of long-standing tenants, including an auto repair shop (25+ years), former bakery (50+ years, closed during COVID but still equipped), photo salon, dry cleaner (equipment included), insurance agency, and more. The property also offers 3 vacant units, ideal for an owner-user or additional rental income. 2024 gross income of $150,000, with upside potential to $200,000-$250,000 as rents are brought to market. All-new roof installed in 2025, providing added value and reduced future expenses. Additional highlights include over 50 parking spaces and a single-family home converted to office use, which can be reverted back to residential if desired. Zoned commercial with multiple use possibilities. Family-owned for 70 years, this property presents a solid investment with stable cash flow and strong upside potential.
- Listing Courtesy of: Core Realty & Investments Inc.
Details
Updated on June 20, 2026 at 6:42 pm-
Property ID MRD12374939
-
Price $1,690,000
-
Year Built 1959
-
Property Type Bad
-
Property Status Active
-
Parcel Number 32061180160000
-
MLS Status Active
-
Days On Market 391
-
Cumulative Days On Market 336
-
Tax Annual Amount 61890.29
-
Cooling Central Air
-
Directions 80-E , exit 4 for Dixie Hwy turn left to stay on Dixie HWY
-
BuildingAreaTotal 10289
-
LotSizeSquareFeet 24634
-
StoriesTotal 1
-
Zoning COMMR
Address
Open on Google Maps- Address 18660 Dixie Highway
- City Homewood
- State/county IL
- Zip/Postal Code 60430
- Country United States
Overview
- Bad
- 1959
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees