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: RE/MAX 10
708-429-4300
Versatile 6,400 square foot commercial building offering multiple private offices ideal for professional or service-based businesses. The property features 25 on-site parking spaces, handicap-accessible restrooms, and a kitchen and break room area for staff convenience. Security lighting surrounds the building for added safety and visibility. Major updates include a roof installed in 2022, three new air conditioning units, and four furnaces, providing reliable mechanical systems for the property. In addition to the main building, there is a separate 1,700 square foot rear unit currently occupied by a chiropractor, offering immediate rental income potential. The rear unit includes a large waiting room, two bathrooms as well as a washer and dryer. This property presents an excellent opportunity for an owner-user or investor seeking a well-maintained, income-producing commercial space with ample parking and flexible office configurations.
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: Baird & Warner
708-798-1855
This high quality office space has over 2,300 square feet with 10 parking spots plus additional space in the basement. Great visibility with over 11,000 vehicles per day. The front portion features a large open area with tall vaulted ceilings and beaming natural light from windows and skylights. The upper level has individual offices and a restroom. Currently being used as a medical office, this space is versatile and can accommodate a variety of uses. As you make your way to the rear of the property, a stairway leads to the basement which has plenty of additional space for storage or other uses. The roof was replaced around 2018 and a new a/c unit in 2024. Property will be vacant prior to closing.
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.
