This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$50,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Investors, developers, and small business owners: Don't miss out on this prime redevelopment opportunity at 1206 W 127th St, Calumet Park! This 1,959 sq ft commercial building, built in 1961, sits on a 2,500 sq ft lot and is ready for a complete gut rehab. Located between I-57 and I-94, this high-visibility property offers excellent access to major expressways and public transportation, including CTA and Metra Electric, making it convenient for commuters and clients alike. The building's strategic location in a growing commercial corridor is complemented by daily traffic counts of over 16,500 vehicles on nearby Ashland Ave, offering significant exposure to potential customers and tenants. The area is experiencing exciting revitalization with new developments, attracting businesses and residents, making this property a prime location for small business owners, service providers, and developers looking to expand or start a new project. As part of a Tax Increment Financing (TIF) district, developers may also benefit from financial incentives for redevelopment, further enhancing the appeal of this investment. Whether you're envisioning retail, office spaces, or a mixed-use development, the possibilities are endless. The surrounding community includes local businesses, schools, and a growing residential population, offering a built-in customer base for future businesses. This is your opportunity to invest in Calumet Park's rising commercial market and build a property that serves the evolving needs of the area. Property sold as-is. Bring your architect and contractor to explore the limitless possibilities.
Full Property Details
Full Property Details for 1206 W 127th St
General
- Sold For: $50,000
- Taxes: (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12314576
- Added to Site: 308 day(s) ago
Location
- Area: Calumet Park
- County: Cook
- Driving Directions: Take I-57 South to the 127th St exit. Head east on 127th St for approximately 1 mile. The property will be on the right, just past Ashland Ave.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- Stories/Levels: 1
- Square Feet: 1,959
- Current Bldg. Use: Medical/Dental
- Year Built: 1961
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Lot Dimensions: 25 x 100
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1961
- Tax Year: 2023
Disclosures and Reports
- Property ID: 25293280420000
Listed by MoHall Commercial & Urban Development
Sold by Non Member
Get Pre-Approved Today
Schools
Schools serving 1206 W 127th St
School Districts:Calumet Public School District 132, Community High School District 218
| Name | Grades | Distance |
|---|---|---|
Burr Oak Academy 1441 West 124th Street, Calumet Park, IL 60827 | PK-2 | 0.5 mi |
Calumet Elementary School 1440 West Vermont Street, Calumet Park, IL 60827 | 6-8 | 0.3 mi |
A B Shepard High School (Campus) 13049 South Ridgeland Avenue, Palos Heights, IL 60463 | 9-12 | 6.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1206 W 127th St
Date
Details
Price
Change
Source
7/11/2025
Sold
$50,000
—
MLS
3/17/2025
Listed
$50,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1206 W 127th Street, Calumet Park, IL 60827 (MLS# 12314576) is a Commercial property that was sold at $50,000 on July 11, 2025. Want to learn more about 1206 W 127th Street? Do you have questions about finding other Commercial real estate for sale in Calumet Park? You can browse all Calumet Park real estate or contact a Coldwell Banker agent to request more information.

