Courtesy: Coldwell Banker Realty
312-981-5500
Deluxe large 3-bedroom apartment above a large open retail-style storefront along the popular Midlothian Business corridor. Parking: 3 cars up front, plus 4 in the rear. Huge opportunity for building signage and exposure to 147th Street traffic and the busy Midlothian Train Station. Across the street from Old National Bank and other successful businesses. Comparatively Low real estate taxes due to mixed-use zoning. The commercial interior space is ready for occupancy, and the apartment was renovated in 2015. Excellent owner-occupier situation. The fire alarm system is fully updated and transfers with the building.
Courtesy: Keller Williams Preferred Rlty
708-798-1111
Excellent mixed-use investment opportunity in Midlothian! This well maintained building 7,528-square-foot property offers a versatile combination of four ground-floor commercial units and one spacious 2-bedroom, 1-bath residential apartment, creating multiple income streams within one property. The building is currently fully occupied, with a gross rental income of $94,800 annually, offering immediate income potential for the next owner. The commercial spaces include one approximately 2,690-square-foot unit and three approximately 1,090-square-foot units, while the second-floor residential unit offers approximately 1,500 square feet of living space. Current tenants include established commercial occupants with leases extending through 2028 and 2029, providing a strong mix of lease terms. Additional features include on-site parking, street parking, individual furnaces, central air conditioning for all units, and separate electrical service for each unit. Tenants are responsible for their in-unit electric, heat, and cooking gas, while the landlord covers common-area electricity, water, sewer, and trash removal. With its combination of commercial and residential income, established tenancy, and flexible mixed-use layout, this property offers a great opportunity for an investor or owner-user looking to add a multi-tenant asset to their portfolio.
Courtesy: Baird & Warner
708-460-1400
### **PRIME MIDLOTHIAN INVESTMENT & BUSINESS OPPORTUNITY** **Don't miss this opportunity!** Invest in an expansive **4,000-square-foot brick commercial building offering excellent visibility, functionality, and convenient access to major transportation routes. The property is currently ready for immediate occupancy**, providing an owner-user or investor with the flexibility to establish a business, expand operations, or reposition the property for a variety of permitted uses. The building features **three (3) overhead doors, with 12ft and 10 ft heights, a side drive, and front parking**, providing excellent functionality for businesses requiring loading, vehicle access, or additional parking. **Recent improvements add significant value**, including **upgrades to the electrical system and natural gas service**, as well as a newer roof, glass block windows, tuckpointing, and **framing that has been started for a new ADA-compliant bathroom**, allowing the next owner to continue the improvements and customize the space to meet their specific operational needs. The property is zoned **O/I - Office/Limited Industrial District**, offering a range of potential commercial and light industrial applications, subject to municipal approval. Potential uses may include **mini-warehouse/distribution, vehicle repair garage, light manufacturing, contractor-related operations, warehouse uses, and other office/industrial applications** Location is a major advantage. Situated in **Midlothian with convenient access to I-57, I-294, 147th Street, and Metra**, the property provides an excellent strategic location for businesses serving the south suburban Chicago market. **Whether you are an owner-user seeking an affordable commercial facility or an investor looking for a versatile property with upside potential, this 4,000-square-foot Midlothian opportunity deserves your attention.**
Courtesy: MoHall Commercial & Urban Development
312-826-9925
Do not miss the opportunity to acquire this value-add commercial building for sale at 3356 W 147th Street in Midlothian, Illinois. This approximately 2,912 SF property provides an affordable opportunity for an owner-user, entrepreneur, investor, or developer seeking to establish a business location along the highly traveled 147th Street/IL Route 83 corridor. The property is currently vacant and offers an existing commercial layout ready for renovation and repositioning. Previously configured for a hospitality use, the building features an open interior with substantial counter space and a flexible floor plan that can be adapted to support a new business concept. At approximately $29 per square foot, the acquisition provides a low entry basis for a buyer looking to invest in improvements and create long-term value. The property is located within Midlothian's B-1 Neighborhood Business Residential District, which supports a variety of neighborhood-oriented commercial uses. Potential uses include restaurant or cafe, specialty retail, professional office, personal services, medical or dental office, art or creative studio, indoor recreation, wellness, and other compatible business concepts, subject to applicable Village requirements and approvals. Location is a major advantage. The Village of Midlothian reports more than 23,000 vehicles per day along the 147th Street commercial corridor. The property is approximately 0.5 mile from the Midlothian Metra Station, Pace Route 354 serves 147th Street, and Midlothian is approximately five minutes from I-57 and I-294, providing convenient access throughout Chicago and the South Suburban market. An excellent opportunity to acquire an existing commercial building at an approachable price and reposition the property for its next chapter. Buyer to independently verify zoning, proposed use, building condition, square footage, parking, licensing requirements, and all applicable Village approvals.
Courtesy: Century 21 Harthside Realtors
708-371-1910
Exceptional MixedUse Opportunity in the Heart of Midlothian's Proposed Downtown Business District! Built in 1929, this historic commercial landmark offers the kind of solid, enduring construction rarely found today ready to generate income immediately while providing endless avenues for customization. Perfectly positioned adjacent to the Metra train station, the building benefits from steady daily foot traffic ideal for retail, service, or professional tenants. It sits within the Downtown TIF District, opening the door for redevelopment incentives and improvements tailored to your specific vision. The first floor features multiple entrances and flexible layout options, allowing you to lease spaces ranging from 500 sq. ft. up to 2,000 sq. ft. Whether you envision boutique retail, office suites, or specialty services, the configuration possibilities are wideopen. The upper level is where imagination truly takes flight. With soaring exposed beams, abundant natural light, and a unique industrial character, this space is primed for transformation into up to five loftstyle apartments or condominiums. It also offers an incredible setting for a restaurant, microbrewery, event space, or creative studio. A small service elevator is already in place and can be expanded to better serve the upper level. Car enthusiasts and collectors will appreciate the building's original purpose as a Ford dealership, complete with an access ramp leading to the upper floor-perfect for storing a custom car collection or even establishing a museum or gallery. Parking is convenient and plentiful, with the Metra lot across the street offering free evening parking for patrons, residents, or guests. This property is a rare blend of history, location, and adaptability. It can produce income as it stands today, while offering the freedom to customize, expand, and reimagine its future in countless ways. A true cornerstone opportunity in Midlothian's evolving downtown landscape.
Courtesy: RE/MAX City
773-775-0600
Great opportunity for investors to own a 6 unit beautiful brick building. Fully occupied with cash flow! 5 unit two bedrooms 1 bath and one unit 1 bedroom 1 bath. Parking in rear of the building plus additional parking spaces available at the front. Great location, close to Metra and shopping centers! This is one you don't want to miss.
Courtesy: Real Realty Inc
773-869-0500
Real Realty is pleased to present for sale 3625 147th St in Midlothian, IL. This property contains (5) two bedroom-one baths along with (1) one bedroom-one bath. Three of the apartments are fully rehabed, while the remaining three provide substantial upside in rent premiums of $200+ per unit post renovation. Mostly copper plumbing throughout the building along with a Weil-Mclain tankless boiler to save on gas. This is an opportunity for an investor to purchase these properties and continue to improve units to fuirther maximize returns. Opportunity to purchase a similar 6-flat in Midlothian (3625 147th St) along with this property.
Courtesy: My Casa Realty Corp.
847-565-6063
Fantastic Investment Opportunity with Value-Add Potential! Discover this well-maintained 6-unit all-brick building offering strong cash flow and excellent value-add potential! The property features five occupied 2-bed/1-bath units and one vacant 1-bed/1-bath unit, providing a perfect opportunity for renovations, and owner-occupant option. Tenants enjoy the convenience of rear parking, with additional spaces available in the front, ensuring ample accommodation for all. Situated in a highly desirable area, the building is just minutes from the Metra station, shopping centers, restaurants, and everyday conveniences. This is a prime location with proven income and room to grow-an opportunity you don't want to miss!
Courtesy: Coldwell Banker Realty
312-981-5500
Freestanding commercial building on a huge lot in Midlothian, competitively priced for sale or lease. Previously occupied and operated as a hair design school, this impressive property offers over 5,000 square feet of prime, fully improved office/retail space with the flexibility to accommodate a wide variety of commercial, educational, medical, therapy, training, or service-related uses. The property's signature feature is its visually striking A-frame entrance with expansive 15' to 18' ceilings, skylights, exposed hardwood support beams, and abundant natural light from oversized front windows. The dramatic reception and display area is impressive for visitors, clients, customers, and employees alike. Versatile floor plan includes approximately 12 offices, classrooms, treatment rooms, and open workspaces of varying sizes. Features include large training and therapy rooms, spacious open areas, a reception and display area, a large kitchen, locker room facilities, multiple storage areas, and extra-large restrooms with handicap accessibility. Schedule a tour today!
Courtesy: Coldwell Banker Realty
312-981-5500
Fantastic 3+ acre car sales business. Fenced lot; this paved and striped corner location includes the sales office in a top notch location. Just north of DriveTime Car Dealership. Perfect for car dealers, all commercial developers, restaurants, retail, shopping center, gas stations. Opportunity for long term lease or buy and develop. Great location in close proximity to I-294 at 127th Street and I-57 at Pulaski and I-80. Excellent 300' frontage on Cicero Ave and 459'depth on 145th Street. Drive by anytime. All serious offers will be considered.
Courtesy: Extreme Realty LLC
773-875-2400
Mixed-use opportunity with strong income potential! B2-zoned property featuring approx. 2,400 sq ft storefront and 1,700 sq ft 3BR owner's unit above with separate entrances. Upper unit includes living room, formal dining, large eat-in kitchen, full bath, and in-unit laundry. Ideal for owner-user or investor-live/work or dual rental income. Great visibility with signage income potential. Two PINs included (28113010050000 & 28113010040000). Zoned for multiple uses including retail, office, cafe, salon, fitness, medical, or service business.
Courtesy: Real Realty Inc
773-869-0500
Real Realty is pleased to present this singular 6-flat for sale along 147th Street, adjacent to a large self storage facility that dominates the block. This building consists of one - 1-bedroom and five - 2-bedroom units. Each building has a central boiler and central hot water heater. Heat and water are paid by landlord, tenants pay for electrictiy and cooking gas. 3 out of the 6 units in this building are fully renovated, achieving rents at a $250 premium than the non-renovated units. This is an opportunity for a investor to purchase these buildings and continue to improve units and increase revenue to further maximize returns. Opportunity to purchase a similar 6-flat in Midlothian (14618 Keystone Ave) along with this property.
Courtesy: RE/MAX City
773-775-0600
Great opportunity for investors to own a 6 unit beautiful brick building. Fully occupied with cash flow! 5 unit two bedrooms 1 bath and one unit 1 bedroom 1 bath. Parking in rear of the building plus additional parking spaces available at the front. Great location, close to Metra and shopping centers! This is one you don't want to miss.
Courtesy: Infiniti Properties, Inc.
708-206-3000
A totally updated from A-Z mixed-use commercial brick building located in the heart of the Midlothian business district. fully leased, consists of a spacious hair salon with two bathrooms & an apartment unit in the back, with 7 parking spaces. a possible second studio apartment unit in the salon area for future added income. new tuck point, new water heaters. multiple PIN numbers included (vacant land for sale separately for $129,900 and the mixed used building for $329,000, Property is in TIF area
Courtesy: Infiniti Properties, Inc.
708-206-3000
A totally updated from A-Z mixed-use commercial brick building & corner vacant land located in the heart of the Midlothian business district. fully leased, consists of a spacious hair salon with two bathrooms & an apartment unit in the back, with 15 parking spaces. The corner vacant lot with great exposure on high traffic 147th street is great for a national tenant, Starbucks, Dunkin Donuts, etc, Endless possibilities, including a possible second studio apartment unit in the salon area for future added income. new tuck point, new water heaters. multiple PIN numbers included (2810403004, 2810403005, 2810403006, 2810403007), legal address 4039-4041 & 4031-4037 W 147th Street. Over $100,000 of updates were recently done. Great income-producing property plus a great opportunity to build and develop the lot for your own business or for added investment income. An extra $300 a month was received for parking on the vacant lot. 147 feet frontage on busy 147th street. seller is willing to sell the vacant land for separately for $129,900 and the mixed used building for $329,900. THIS PROPERTY IS IN A TIF DISTRICT
Courtesy: Davison Realty
773-892-1500
Courtesy: Strauss Realty Ltd
773-736-3600
Strauss Realty, Ltd. is pleased to present 14600 Kilpatrick Avenue, a multi-tenant industrial investment opportunity in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet and 42 individual units. Building 1 (Units 1-14) includes approximately 9,800 SF, with units averaging 700 SF each. Building 2 (Units 15-42) totals approximately 26,100 SF, with units averaging 900 SF, including several combined spaces. A shared, secured restroom is located between Units 16 and 17. Offered at $3,350,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 9.24% cap rate, with stable in-place income and potential for future rental growth. Recent capital improvements include demising select double units into single units, installation of bollards around gas meters, implementation of a mastered key system (GoldyLocks), and new heaters in select spaces. Ownership is currently completing installation of a required fire alarm system per the Village.
Midlothian is located in Illinois. Midlothian, Illinois has a population of 14,330. Midlothian is less family-centric than the surrounding county with 28.69% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Midlothian, Illinois is $58,011. 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 Midlothian is 37.5 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 38.4 inches per year, with 31.5 inches of snow per year.
