40-44 W Lincoln Highway
44 West Lincoln Highway, Chicago Heights, IL 60411
KW Commercial & Keller Williams ONEChicago are pleased to present an exceptional investment opportunity located at 40-44 W. Lincoln Highway, Chicago Heights, IL 60411. This offering comprises two prime retail/office properties: a 5,600 square foot building at 44 W. Lincoln Highway and a 1,000 square foot building at 40 W. Lincoln Highway, combining for a total rentable building area of 6,600 square feet. The properties sit on a substantial land area of 21,687 square feet and are zoned R-4, making them versatile for various commercial uses.
An investor has the opportunity to backfill these spaces at a competitive lease rate of $15.60 per square foot NNN, thereby transferring the responsibility of property taxes, insurance, and common area maintenance (CAM) reimbursements to the tenants. This strategic leasing approach is projected to generate a pro forma year 1 net operating income (NOI) of $94,710, with an anticipated increase to $97,284 in year 2. The property is attractively listed at $915,000, offering a pro forma year 1 cap rate of 10.35%, which is expected to rise to 10.63% in year 2, presenting a lucrative return on investment.
Reach out to the broker for more info on lease terms and amenities
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Contacts
KW ONEChicago
KW ONEChicago
Keller Williams ONEChicago
KW ONEChicago
KW ONEChicago
Building Details
- For Sale $915,000
- Property Type Office
- Lot Size 0.5 Acre
- # of Floors 1
- Building Class C
- Date Updated May 10, 2025
Getting Around
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Walk Score ®
Somewhat Walkable (63) -
Transit Score ®
Some Transit (42) -
Bike Score ®
Very Bikeable (70)
Location
- City Chicago Heights, IL
- Zip Code 60411
- Market Chicago
Points of Interest
Flossmoor
3.15 miles
Homewood
4.12 miles
Calumet
4.75 miles
University Park
5.23 miles
Tinley Park
8.70 miles
Midlothian
9.05 miles
Riverdale
9.72 miles
BP
0.58 miles
Mobil
0.96 miles
Shell
1.52 miles
Marathon
1.63 miles
Tesla Supercharger
6.81 miles
U-Pull-It Salvage Yard
1.86 miles
Matteson Metra Station Lot #2
3.00 miles
Matteson Metra Station Lot #1
3.12 miles
Pace Homewood Park & Ride
4.05 miles
Southland College Prep Parking Lot
4.67 miles
Strip Mall Parking Lot
5.19 miles
Rest Area I-80 (East Bound)
5.49 miles
Rest Area I-80 (West Bound)
5.58 miles
Pace Harvey Park & Ride
7.29 miles
Enterprise
2.59 miles
Fullers Car Wash
3.64 miles
Main Street Car Wash
3.71 miles
Delta Sonic Car Wash
3.76 miles
BP
3.89 miles
Circle K
4.23 miles
Hertz
5.47 miles
Thornton's
7.09 miles
Burger King
1.03 miles
Brown's Chicken
1.07 miles
Pepe's Mexican Restaurant
1.07 miles
Little Caesars
1.09 miles
Subway
1.10 miles
Zarlengo's Italian Ice
1.18 miles
Wendy's
1.39 miles
Smoothie King
1.49 miles
Arby's
1.52 miles
Country Square Foods
1.09 miles
ALDI
1.14 miles
Food 4 Less
1.47 miles
Walmart Supercenter
1.78 miles
Jewel-Osco
1.84 miles
Save-A-Lot
1.91 miles
Jet Foods
2.71 miles
WSI (Warehouse Specialists, LLC)
2.93 miles
Burlington
3.72 miles
Chicago Heights VA Clinic
0.26 miles
Fresenius Kidney Care
0.48 miles
Chicago Heights Police Department
0.49 miles
GPS-Maurice Fitts Page Whole Health and Wellness Health Center
0.98 miles
Walgreens
1.00 miles
Chicago Heights Fire Department Station 5
1.04 miles
Chicago Heights Fire Department Station 3
1.06 miles
Chicago Heights Fire Department Station 4
1.09 miles
Community Health Fairs
1.16 miles
44 West Lincoln Highway Listing Summary
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What is the asking price at 40-44 W Lincoln Highway?
40-44 W Lincoln Highway is currently listed for sale at $915,000.
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What is the total size of 40-44 W Lincoln Highway?
40-44 W Lincoln Highway has a total of 6,600 square feet.
