SQUARE FEET10,289
MLS#12374939
STATUSActive
PROPERTY TYPECommercial - Retail
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.
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
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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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 www.bhhscrosby.com today.