25 E 16th Chicago Heights, IL 60411

  • $1,199,000
  • Sold Date: 01-01-70

25 E 16th Chicago Heights, IL 60411
Active
25 E 16th Chicago Heights, IL 60411
25 E 16th Chicago Heights, IL 60411
  • $1,199,000
  • Sold Date: 01-01-70

Description

THIS FORMER BANK BUILDING IS 6,250 SF WITH A FULL BASEMENT OFFERING ANOTHER 6,250 SF, OF WHICH ABOUT 5,400 SF IS LEASABLE AND USABLE SPACE, ALL SITUATED ON 1.5 ACRES. LOCATED IN THE CENTRAL BUSINESS DISTRICT, THE PROPERTY IS ZONED MX2 (MIXED USE) – AN INCREASINGLY DESIRABLE DESIGNATION WITH NEW DEVELOPMENT ALREADY PLANNED IN THE AREA. ALL FIXTURES FOR A BANK FACILITY REMAIN IN PLACE, INCLUDING 3 SAFES. FEATURES INCLUDE A LARGE LOBBY AREA, TRAINING ROOM, PRIVATE OFFICES WITH BATHROOMS, AND A FULLY FINISHED BASEMENT WITH A KITCHEN, MULTIPURPOSE ROOM, BANQUET ROOM, AND TWO ADDITIONAL BATHROOMS. THE ZONING ALLOWS FOR A WIDE RANGE OF USES INCLUDING RETAIL, OFFICE, DAYCARE, BANK, OR EVEN RESIDENTIAL CONVERSION. THE CITY OF CHICAGO HEIGHTS IS OPEN TO APARTMENTS BEING ADDED TO THE EXISTING BUILDING, MAKING THIS AN ATTRACTIVE REDEVELOPMENT PLAY. ADDITIONAL HIGHLIGHTS INCLUDE SOLID MASONRY CONSTRUCTION, PLENTY OF PARKING, EXPANSION LAND, BACKUP GENERATOR, ALARM SYSTEM, SECURITY CAMERAS, AND OVER 800 AMP, 3-PHASE SERVICE.

  • Listing Courtesy of: Village Realty, Inc.

Details

Updated on October 13, 2025 at 4:33 pm
  • Property ID: MRD12490127
  • Price: $1,199,000
  • Property Type: Land
  • Property Status: Active
  • Parcel Number: 32204160160000
  • Days On Market: 6
  • AdditionalParcelsYN: 1
  • Cumulative Days On Market: 6
  • Directions: RT. 30 (LINCOLN HWY) TO CHICAGO RD. SOUTH TO 16th STREET. EAST TO THE PROPERTY.
  • Township: Bloom
  • CurrentUse: Commercial
  • FrontageLength: 508
  • FrontageType: City Street,Public Road,Paved
  • Utilities: Electricity Available,Natural Gas Available,Water Available
  • Zoning: COMMR
  • Address 25 E 16th
  • City Chicago Heights
  • State/county IL
  • Zip/Postal Code 60411
  • Country Cook

Overview

Property ID: MRD12490127
  • Land
  • Property Type

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