3356 W 147th Street Midlothian, IL 60445 • Commercial - Retail • Active $85,000

Description

Do not miss the opportunity to acquire this value-add commercial building for sale at 3356 W 147th Street in Midlothian, Illinois. This approximately 2,912 SF property provides an affordable opportunity for an owner-user, entrepreneur, investor, or developer seeking to establish a business location along the highly traveled 147th Street/IL Route 83 corridor. The property is currently vacant and offers an existing commercial layout ready for renovation and repositioning. Previously configured for a hospitality use, the building features an open interior with substantial counter space and a flexible floor plan that can be adapted to support a new business concept. At approximately $29 per square foot, the acquisition provides a low entry basis for a buyer looking to invest in improvements and create long-term value. The property is located within Midlothian's B-1 Neighborhood Business Residential District, which supports a variety of neighborhood-oriented commercial uses. Potential uses include restaurant or cafe, specialty retail, professional office, personal services, medical or dental office, art or creative studio, indoor recreation, wellness, and other compatible business concepts, subject to applicable Village requirements and approvals. Location is a major advantage. The Village of Midlothian reports more than 23,000 vehicles per day along the 147th Street commercial corridor. The property is approximately 0.5 mile from the Midlothian Metra Station, Pace Route 354 serves 147th Street, and Midlothian is approximately five minutes from I-57 and I-294, providing convenient access throughout Chicago and the South Suburban market. An excellent opportunity to acquire an existing commercial building at an approachable price and reposition the property for its next chapter. Buyer to independently verify zoning, proposed use, building condition, square footage, parking, licensing requirements, and all applicable Village approvals.

Property Highlights