Courtesy: John Bonaguro
312-625-2062
SHOVEL-READY & DE-RISKED: Prime B3 Commercial Site in Active TIF District Stop waiting for entitlements. Start building. Most "opportunities" come with 12 months of zoning risk and municipal hurdles. This site is different. Positioned in a high-visibility South Suburban Chicago corridor, this 0.80-acre commercial parcel is fully entitled and financially incentivized for immediate redevelopment. Zoning is Not a Contingency: B3 is Active Don't waste six figures on legal fees and a year of your life fighting for a use variance. Active B3 Status: The B3 General Business zoning is in place today. Immediate Execution: Whether your goal is Retail, Medical, QSR, or Professional Service-you buy, you permit, you build. Broadest Use Case: This is the most flexible commercial designation in the code, designed specifically for high-intensity business and regional commerce. Active TIF District - Not Theoretical, But Certified This property sits within an active and certified TIF district with a proven track record of supporting local development. Hard Cost Reimbursement: Eligible expenses-including site work, utility connections, parking lot construction, and facades-can be reimbursed through TIF increments. Proven Success: The village has already approved and funded TIF reimbursements for nearby projects. The path to financial assistance is established and active. This is a direct boost to your Pro-Forma and long-term ROI. Strategic High-Visibility Location Frontage & Exposure: Situated on a high-traffic thoroughfare with constant daily eye-balls and excellent linear frontage. Demographic Strength: Surrounded by a stable, high-density residential consumer base and a thriving mix of national retail and service brands. Accessibility: Easy ingress/egress and seamless connectivity to major regional transportation routes and surrounding Chicago suburbs. The Offering: A "Plug-and-Play" Development Site This 0.80-acre site is the ideal footprint for a flagship location or a multi-tenant strip. While the existing 100-year-old structure is a teardown, the value is in the dirt, the dirt's designation, and the municipal backing. Site Condition: Flat, accessible, and ready for site-prep. Market Position: Located in a resilient growth corridor where flexible B3 land is increasingly scarce. Investment Profile: Perfect for 1031 exchange buyers, franchise operators seeking speed-to-market, or value-add developers. Key Highlights at a Glance: ZONING: B3 General Business (Active & In-Place). TIF: Certified District (Eligible for hard-cost reimbursements). ENTITLEMENTS: No zoning contingencies required. UTILITIES: Available to site. LOCATION: High-visibility South Suburban Chicago corridor. This is a rare chance to acquire a commercial asset where the municipal heavy lifting has already been done for you.
Courtesy: Village Realty Inc
708-478-1212
Prime Mixed-Use Investment Opportunity in Downtown Homewood - 8-Unit Building. This well-maintained, all-electric mixed-use building is located in the heart of downtown Homewood, just steps from the Metra station, shops, restaurants, and village amenities. It features four ground-floor suites (900 sq ft each)-two professional offices and two residential units-plus four upper-level 2-bedroom/1.5-bath apartments (900 sq ft each). Most units have been recently updated. Stabilized gross rents project at $12,000 per month ($144,000 annually) once fully leased, with proven rents: offices at $1,400/mo each and apartments ranging $1,368-$1,795/mo. Owner pays water, garbage, sewer, snow removal, and lot cleaning; tenants pay their own electric. Annual expenses total $35,737 (utilities $9,600, insurance $4,795, taxes $21,342). The property includes local marketing services via EmpowerLinked a unique and growing marketing agency at no cost for one year. EmpowerLinked promotes your listing(s) for lease at other EmpowerLinked host locations, on social media and on digital radio. Contact us today to schedule a showing!
Courtesy: Village Realty, Inc.
708-478-1212
Prime Downtown Homewood Opportunity - Over 7,000 SF Commercial Building Offered by long-time owners, this expansive 7,000+ square foot commercial property is currently configured as a dance studio and ready for its next chapter. Located in the heart of downtown Homewood, this property offers exceptional visibility, accessibility, and flexibility. The building features two large studio spaces, multiple offices, and ample storage areas, making it ideal for a wide range of business uses - from fitness and wellness to creative or professional services. Enjoy the convenience of private parking for 20+ vehicles in the adjacent lot - a rare find in the downtown area. Zoning: B-2 (Business District) Parking: 20+ spaces Floor Plans: Available upon request Closing: Flexible / negotiable Pricing: Reflects current condition and tremendous potential Discover the possibilities for your next business venture or investment. Schedule your private showing today!
Courtesy: Matrix Realty Group LLC
708-799-3600
Single Level 10,800 SF Multiple Tenant Mixed Use Office Building with business tenants and 1 Second Story Residential 2 Bedroom, 1 Bathroom Apartment Tenant. Great Investment opportunity for owner-users/investors. Very well kept clean office building conveniently located in Downtown Homewood close proximity to the New Metra TrainStation, Starbucks, Aurelio's Pizza, Stoney Point Grill and everything else Downtown Homewood has to offer. Close proximity to all major highways and the New Wind Creek Chicago Southland Casino.
Courtesy: Core Realty & Investments Inc.
224-235-4336
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.
Homewood is located in Illinois. Homewood, Illinois has a population of 19,716. Homewood is more family-centric than the surrounding county with 34.31% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Homewood, Illinois is $81,940. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Homewood is 39.2 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 39.1 inches per year, with 31.2 inches of snow per year.
