Real Estate Agent Elmo Dowd

Elmo Dowd REALTOR®

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18660 Dixie Highway S, Homewood, IL 60430

$1,690,000
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  • 18660 Dixie Highway S, Homewood, IL 60430 Main Photo

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Active
SQUARE FEET10,289 MLS#12374939
STATUSActive PROPERTY TYPECommercial - Retail
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Property 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.

18660 Dixie Highway S | MLS# 12374939

This commercial property located at 18660 Dixie Highway S, Homewood, IL 60430 is currently listed for sale with an asking price of $1,690,000. Search Homewood real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.57 Acres
Stories: 1.0
Taxes: $61,890
Year Built: 1959

Feature Descriptions

Current Use: Commercial, Automotive
Electric: Circuit Breakers
Exterior: Brick, Concrete, Block
Fire Protection: Alarm Monitored
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls
Lot Dimensions: 255X255
Number of Tenant(s): 8
Parcel#: 32061180160000
Parking: 31-50 Spaces
Potential Use: Commercial, Office, Retail, Special Use, Other
Units: 11

Listed By / Shown By

Listed By

Agency Name: Core Realty & Investments Inc.
Agency Phone: 224-235-4336

Shown By

Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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