533 Reed Street, BEECHER IL 60401 Photo 1 533 Reed Street, BEECHER IL 60401 Photo 2 533 Reed Street, BEECHER IL 60401 Photo 3
Listed by Barbara Bialon of CENTURY 21 Affiliated 219-662-5445

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533 Reed Street - 4000 sq. ft. steel building with rental income next to connected to a public parking lot under construction with planned 57 spaces that will also provide access to property. There is a private well located inside the building. Property includes steel building on a total of nine 25' vacant lots that need to be reconfigured per current village zoning rules. Use due diligence; all offers subject to village approval. Access from alley on the East side of the property. Strip center adjacent to property also for sale see mls# 09921756. Unique property located in the historic district. Motivated seller has slashed price. Come take a look and let's make a deal!

Listing information

  • MLS® ID: 09830780
  • Year Built: 1950
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $2,330
  • Property ID: 104079600
  • Status: Active
  • New Construction: No
  • County: Will
  • Style: Mixed Use
  • Stories: 1
  • Foreclosure: No

Features

Air Conditioning None
Approximate Age Older
Built Before 1978 (Y/N) Yes
Current Use Non Conforming, Commercial
Franchisor Feed(y/n) No
Geographic Locale South Suburban
Heat/Ventilation None
Information 24-Hr Notice Required
Location Mixed Use Area
Other Zoning Type - Other, Water Expense - 0, Township - Washington, Total Monthly Income - 750, Total Annual Income - 9000, Total Annual Exp - 0, Tax Year - 2016, Scavenger Expense - 0, Other Expenses - 0, Net Oper Income $ - 9000, Monthly Rental Price - 750, Insurance Expense - 0, Gross Rental Income $ - 9000, Gross Rent Multiplier - 16.6, Fuel Expense - 0, Electricity Expense - 0, Approx Total Bldg Sq Ft - 4000, # Of Units - 1, # Of Tenants - 1, # Of Offices - 0, # Of Apts - 0
POSSESSION Tenant's Rights
Property Type Mixed Use
Sale Terms Cash Only
Tenant Pays Electric
Unincorporated (Y/N) No
Utilities To Site Well-Private, Sanitary Sewer Nearby, Electric to Site
Listed by Barbara Bialon of CENTURY 21 Affiliated 219-662-5445