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25 E 16th Street

Chicago Heights, IL 60411
  • $1,199,000
  • STATUS: Active
  • ON SITE: 136 Days
  • MLS #: 12485605
UPDATED: 88 min ago
$1,199,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1974
County:
Area:

School Ratings & Info

Description

THIS FORMER BANK BUILDING IS 6,250 SF WITH A FULL BASEMENT OFFERING ANOTHER 6,250 SF, OF WHICH ABOUT 5,400 SF IS LEASABLE AND USABLE SPACE, ALL SITUATED ON 1.5 ACRES. LOCATED IN THE CENTRAL BUSINESS DISTRICT, THE PROPERTY IS ZONED MX2 (MIXED USE) - AN INCREASINGLY DESIRABLE DESIGNATION WITH NEW DEVELOPMENT ALREADY PLANNED IN THE AREA. ALL FIXTURES FOR A BANK FACILITY REMAIN IN PLACE, INCLUDING 3 SAFES. FEATURES INCLUDE A LARGE LOBBY AREA, TRAINING ROOM, PRIVATE OFFICES WITH BATHROOMS, AND A FULLY FINISHED BASEMENT WITH A KITCHEN, MULTIPURPOSE ROOM, BANQUET ROOM, AND TWO ADDITIONAL BATHROOMS. THE ZONING ALLOWS FOR A WIDE RANGE OF USES INCLUDING RETAIL, OFFICE, DAYCARE, BANK, OR EVEN RESIDENTIAL CONVERSION. THE CITY OF CHICAGO HEIGHTS IS OPEN TO APARTMENTS BEING ADDED TO THE EXISTING BUILDING, MAKING THIS AN ATTRACTIVE REDEVELOPMENT PLAY. ADDITIONAL HIGHLIGHTS INCLUDE SOLID MASONRY CONSTRUCTION, PLENTY OF PARKING, EXPANSION LAND, BACKUP GENERATOR, ALARM SYSTEM, SECURITY CAMERAS, AND OVER 800 AMP, 3-PHASE SERVICE.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-15T05:07:22.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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25 E 16th Street Chicago Heights, IL 60411

  • Price: $1,199,000
  • Status: Active
  • On Site: 136 Days
  • Updated: 88 min ago
  • MLS #: 12485605
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1974
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
THIS FORMER BANK BUILDING IS 6,250 SF WITH A FULL BASEMENT OFFERING ANOTHER 6,250 SF, OF WHICH ABOUT 5,400 SF IS LEASABLE AND USABLE SPACE, ALL SITUATED ON 1.5 ACRES. LOCATED IN THE CENTRAL BUSINESS DISTRICT, THE PROPERTY IS ZONED MX2 (MIXED USE) - AN INCREASINGLY DESIRABLE DESIGNATION WITH NEW DEVELOPMENT ALREADY PLANNED IN THE AREA. ALL FIXTURES FOR A BANK FACILITY REMAIN IN PLACE, INCLUDING 3 SAFES. FEATURES INCLUDE A LARGE LOBBY AREA, TRAINING ROOM, PRIVATE OFFICES WITH BATHROOMS, AND A FULLY FINISHED BASEMENT WITH A KITCHEN, MULTIPURPOSE ROOM, BANQUET ROOM, AND TWO ADDITIONAL BATHROOMS. THE ZONING ALLOWS FOR A WIDE RANGE OF USES INCLUDING RETAIL, OFFICE, DAYCARE, BANK, OR EVEN RESIDENTIAL CONVERSION. THE CITY OF CHICAGO HEIGHTS IS OPEN TO APARTMENTS BEING ADDED TO THE EXISTING BUILDING, MAKING THIS AN ATTRACTIVE REDEVELOPMENT PLAY. ADDITIONAL HIGHLIGHTS INCLUDE SOLID MASONRY CONSTRUCTION, PLENTY OF PARKING, EXPANSION LAND, BACKUP GENERATOR, ALARM SYSTEM, SECURITY CAMERAS, AND OVER 800 AMP, 3-PHASE SERVICE.
Exterior Features

Docks None Foundation Details Concrete Perimeter Frontage Type City StreetPublic Road Outdoor Parking 19-30 Spaces

Interior Features

Cooling Central Air Flooring CarpetConcreteTile Heat Ventilation Ceiling Units Miscellaneous Inside Common Lunchroom/sCommon Meeting Room/sElevator/s FreightPrivate Restroom/sStorage InsideBasement

Property Features

Additional Parcels YN Yes Approximate Age 36-50 Years Building Area Total 6250 Built Before1978 YN Yes Current Use CommercialOffice Electric Over 600 AmpsPower - 240VThree Phase220 Volts Fire Protection Alarm Monitored Geographic Locale South Suburban Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Location Central Business DistrictPublic Transport Avail Mls Actual Status Active Net Operating Income 0 Rental Price 0 Tax Annual Amount 0 Tax Year 2023 Tenant Pays ElectricityHeatTaxesInsuranceScavengerSewer Total Monthly Income 0 Township Bloom Type Mixed Use Utilities Electricity AvailableNatural Gas AvailableWater Available Zoning MULTI

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Village Realty, Inc.: 708-478-1212.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-15T05:07:22.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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