Property for Sale: 400 E Illinois, Lemont, IL 60439

$995,000
$995,000
400 E Illinois, Lemont, IL 60439
$995,000
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Price:
$995,000
$205,000 - 05/09/2024

Type Commercial
Year Built 1857

City Lemont
County Cook

MLS 11958491
Status Pending
Discover a unique business opportunity in the heart of Historic Lemont with this completely renovated and rebuilt mixed-use corner building. Perfectly situated just one block from Main Street and close to public transportation, this property offers incredible potential as both an income producer and a thriving business location. This prime corner lot, measuring 50x45 feet, boasts a total building area of approximately 4,200 square feet. On the ground level, you'll find two completely renovated storefronts: an office space of approximately 1,000 square feet and a business corner storefront of roughly 1,200 square feet. Additionally, there is a lower-level basement for extra storage or utility space. The second level features two completely renovated 2-bedroom apartments, each approximately 1,050 square feet. The current rents for these units are low, presenting an opportunity for an increase to match current market rates. The property underwent a full renovation, including a new roof, interior finishes, and all mechanical equipment. The streetscape has been upgraded with new sidewalks and curbs, enhancing the overall appeal. Located just one block from Main Street, this property is conveniently close to public transportation and offers easy access to major highways I-55 at Lemont Rd., I-294, and I-355. This like-new property is a must-see for anyone to invest in this vibrant community. This is an exceptional opportunity with its prime location, extensive renovations, and potential for increased rental income. Schedule a viewing today.

Lot & Building Features

Construction Wood Frame
Cooling Central Air
Tax Year 2023
Lot Dimensions 50X45 ft

Price History of 400 Illinois, Lemont, IL

Date Name Price Difference
05/09/2024 Price Adjustment $995,000 17.08%
12/31/1969 Listing Price $1,200,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Carole Grant
Direct: 773-251-5539
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Coldwell Banker Realty, Charles Groebe
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400 Illinois (MLS #11958491) is a commercial listing located in Lemont, IL. This property was listed on 01/09/2024 and has been priced for sale at $995,000.

Nearby zip codes are 60410, 60442, 60445, 60491 and 60517. This property neighbors other cities such as Channahon, Homer Glen, Manhattan, Midlothian and Woodridge.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty