$1,300,000
Prime Industrial Building for Sale at 4542 W Cermak Rd – 18,000 SF Warehouse & Office in Chicago, IL 60623
Chicago, Illinois
Soft OfferCommercial Buildings for Sale | 40–44 W. Lincoln Hwy, Chicago Heights
44 W Lincoln Hwy, Chicago Heights, Illinois 60411
$590,000
$89 / sq ft 10% cap rate Listed Aug 27, 2026
6,600 sqft
Building
0 acres
Lot
1956
Built
1
Stories
15
Parking
1
Units
About this property
Commercial Buildings for Sale | 40–44 W. Lincoln Hwy, Chicago Heights is a retail for sale in Chicago Heights, Illinois, listed at $590,000. Key details: year built 1956, building size 6,600 sqft, lot size 0 acres, stories 1. Listed by Tony Hardy of Keller Williams ONEChicago on LoopingCloud and last updated August 27, 2026.
Prime Commercial Investment & Owner-User Opportunity Presented by KW Commercial and Keller Williams ONEChicago, this updated two-building retail and office property at 40–44 W. Lincoln Highway, Chicago Heights, IL 60411 is available for purchase at $590,000. Comprising a 5,600 SF building (44 W. Lincoln) and a 1,000 SF building (40 W. Lincoln), the total 6,600 square foot complex sits on a substantial 21,687 square foot parcel along a high-visibility corridor.
Recent Capital Improvements Ownership has completed significant upgrades to minimize near-term capital expenditures:
-
Brand new roof on the smaller building (installed May 2026)
-
Two newly installed HVAC systems
-
Fresh clear protective coating applied to flooring
-
Upgraded security system and various operational enhancements
Income Potential & Flexible Layouts
-
Projected Revenue: Marketed at $12.00–$15.00/SF, full occupancy yields an estimated $91,350 in annual base rental income.
-
Triple-Net (NNN) Structure: Leases can transfer operating burdens—such as taxes, insurance, and CAM—onto tenants.
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Occupancy Flexibility: Ideal for an owner-user to occupy one building while generating rental income from the other, or to lease the entire property to multiple tenants.
Cook County Class 8 Tax Incentive Potential Located within Bloom Township, the property is situated in an area potentially eligible for the Cook County Class 8 property-tax incentive. This program can significantly reduce the assessment level to 10% of market value for the first 10 years (compared to the standard 25%), drastically lowering long-term occupancy costs. (Note: Eligibility is subject to timely application, municipal support, and Cook County approval).
Seize this compelling acquisition basis, flexible setup, and high-visibility location. Contact us today to schedule your private tour!
Key highlights
- Occupied
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1956
- Building Size
- 6,600 sqft
- Lot Size
- 0 acres
- Stories
- 1
- Parking Spaces
- 15
- Total Units
- 1
- Building Class
- Class C
- Occupied
- Yes
- Occupancy
- 16%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $59,000
- Financing
- Third Party Financing
- Investment Property
- Vacant investment property
Investment snapshot
10%
Cap rate
$59,000
Net operating income
$89
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $590,000 | 10% | - | - | - |
Features and amenities
Property Features
- Total Building Area: 6,600 SF of combined retail/office space across two standalone structures.
- Building 1 (44 W. Lincoln): 5,600 SF main commercial building.
- Building 2 (40 W. Lincoln): 1,000 SF auxiliary commercial building.
- Land Parcel: Spanning a generous 21,687 square foot lot.
- Newer Roof: Fresh roof installation on the 1,000 SF building (May 2026).
- Climate Control: Outfitted with two newly installed HVAC systems.
- Security & Finishes: Integrated new security system and updated flooring with a clear protective coating.
Highlights
- Attainable Asking Basis: Offered at $590,000, translating to an attractive $89.39 per building square foot.
- Strong Income Potential: Projected annual base rental income of up to $91,350 at market rents ($12.00–$15.00/SF).
- Class 8 Tax Incentive Potential: Located in Bloom Township, qualifying for Cook County Class 8 property-tax relief (lowering assessments from 25% down to 10% for 10 years).
- Flexible Occupancy Options: Perfect for an owner-user to occupy one building while collecting rental income on the second, or for an investor seeking full lease-up.
- High-Visibility Corridor: Positioned on Lincoln Highway with excellent exposure and access within the Chicago metropolitan area.
- Triple-Net (NNN) Advantage: Ability to pass taxes, insurance, and maintenance costs to tenants to protect net returns.
Location
Address as shown by the lister.
Get directionsAbout this area - Chicago Heights
- Population
- 60,461
- Housing units
- 21,399
- Land area
- 32.5 sq mi
- County
- Cook
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
1 person to reach- Travis MontgomerySenior Director | Strategic Growth & Marketing (773) 946-8816
Frequently asked questions
What is the asking price of Commercial Buildings for Sale | 40–44 W. Lincoln Hwy, Chicago Heights?
Commercial Buildings for Sale | 40–44 W. Lincoln Hwy, Chicago Heights is listed at $590,000. That works out to about $89 per square foot. The stated cap rate is 10%.
Where is Commercial Buildings for Sale | 40–44 W. Lincoln Hwy, Chicago Heights located?
The property is in 44 W Lincoln Hwy, Chicago Heights, Illinois 60411, Cook County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 6,600 sqft. The lot is 0 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tony Hardy of Keller Williams ONEChicago listed this property. Use the Request Info button to send a message or call (773) 575-6082.
When was this listing published?
It was published on August 27, 2026 and last updated on August 27, 2026.
Listing information
- Listing ID
- CL-Illinois-28344
- Published
- Aug 27, 2026
- Last updated
- Aug 27, 2026
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