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$ 850,000
Est. payment | /mo
14,224 SqFt
$ 850,000
Est. payment | /mo
14,224 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 14,224 sqft
Price per Sqft $59
MLS Listing ID 12744493
Year Built 1929
Annual Tax Amount $26,594
Tax Year 2025
Lot Dimensions 28 x 140 x 3.5 x 122 x 83 x
Property Sub-Type Mixed Use
Property Description
Exceptional MixedUse Opportunity in the Heart of Midlothian's Proposed Downtown Business District! Built in 1929, this historic commercial landmark offers the kind of solid, enduring construction rarely found today ready to generate income immediately while providing endless avenues for customization. Perfectly positioned adjacent to the Metra train station, the building benefits from steady daily foot traffic ideal for retail, service, or professional tenants. It sits within the Downtown TIF District, opening the door for redevelopment incentives and improvements tailored to your specific vision. The first floor features multiple entrances and flexible layout options, allowing you to lease spaces ranging from 500 sq. ft. up to 2,000 sq. ft. Whether you envision boutique retail, office suites, or specialty services, the configuration possibilities are wideopen. The upper level is where imagination truly takes flight. With soaring exposed beams, abundant natural light, and a unique industrial character, this space is primed for transformation into up to five loftstyle apartments or condominiums. It also offers an incredible setting for a restaurant, microbrewery, event space, or creative studio. A small service elevator is already in place and can be expanded to better serve the upper level. Car enthusiasts and collectors will appreciate the building's original purpose as a Ford dealership, complete with an access ramp leading to the upper floor-perfect for storing a custom car collection or even establishing a museum or gallery. Parking is convenient and plentiful, with the Metra lot across the street offering free evening parking for patrons, residents, or guests. This property is a rare blend of history, location, and adaptability. It can produce income as it stands today, while offering the freedom to customize, expand, and reimagine its future in countless ways. A true cornerstone opportunity in Midlothian's evolving downtown landscape.
Location
State IL
County Cook
Area Midlothian
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Roof Type Membrane,Reflective Coating
Building
Dwelling Type Mixed Use
Water Municipal Water
Structure Type Brick,Concrete
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Lenny Feil of Century 21 Harthside Realtors
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Lenny Feil
Broker-Owner Lic# 471005412