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$180,000
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Property Description
MoHall Commercial presents a transformative investment opportunity with this M2 Business Industrial-zoned warehouse at 1801 120th St, Calumet Park, IL. This property, nestled in a pivotal location within the Cal Sag Enterprise Zone and eligible for the Cook County Class 8 tax, stands as a prime canvas for an investor ready to tap into the lucrative industrial market through strategic renovation. Positioned on a 0.69-acre lot and encompassing 19,000 square feet of adaptable space, this warehouse offers the physical and fiscal room to grow, bolstered by financial incentives aimed at revitalizing and enhancing business prospects. The Cal Sag Enterprise Zone provides a spectrum of benefits including substantial savings, while the Cook County Class 8 offers a significant reduction in property taxes, creating a fertile ground for development and profit. Calumet Park, IL, is not just a location but a launching pad for businesses, given its proximity to vital highways and expressways, ensuring seamless access to the City of Chicago, less than 20 miles away. This strategic placement, coupled with the property's inherent potential for customization and improvement, renders it an ideal site for investors looking to capitalize on the vibrant industrial ecosystem. The warehouse itself, requiring renovation, is poised for a transformation that could redefine its value and utility in the industrial sector. With two drive-ins, and a minimum 18' clear height to max 30', it offers a robust foundation for a myriad of industrial activities. By leveraging the available incentives and grants, the right investor has the chance to not only refurbish a facility but to also significantly contribute to the economic growth of Calumet Park. This investment opportunity is more than just a property; it's a chance to play a pivotal role in the revitalization of an area poised for growth. It offers the unique combination of immediate benefits through zoning and fiscal incentives, with long-term rewards in an expanding industrial market. Explore the potential of this facility and envision the impact your investment could have in reshaping the industrial landscape of Calumet Park. There is fire damage
Full Property Details
Full Property Details for 1801 W 120th St
General
- Sold For: $180,000
- Taxes: (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12014361
- Added to Site: 721 day(s) ago
Interior
- Flooring: Concrete
Parking
- Parking Features: 19 to 30 Spaces
Location
- Area: Calumet Park
- County: Cook
- Driving Directions: Take exit 355 for 119th St. West on W 119th St towards S Marshfield Ave. Right turn onto W 120th St
- Location Details: South Suburban, Industrial Park
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
Structural Information
- Drive-In Doors: 2
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 19,000
- Year Built: 1990
Lot Features
- Lot Size (Acres): 0.69
- Lot Size (Sq. Ft.): 47,000
- Lot Dimensions: 124 x 350
- Zoning: INDUS
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1990
- Tax Year: 2022
Disclosures and Reports
- Property ID: 25302070230000
Listed by MoHall Commerical & Urban Development
Sold by Non Member
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Schools
Schools serving 1801 W 120th 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 | 0.6 mi |
Calumet Elementary School 1440 West Vermont Street, Calumet Park, IL 60827 | 6-8 | 1.4 mi |
H L Richards High Sch(Campus) 10601 Central Avenue, Oak Lawn, IL 60453 | 9-12 | 5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1801 W 120th St
Date
Details
Price
Change
Source
8/27/2024
Sold
$180,000
-40%
MLS
3/27/2024
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1801 W 120th Street, Calumet Park, IL 60827 (MLS# 12014361) is a Commercial property that was sold at $180,000 on August 27, 2024. Want to learn more about 1801 W 120th 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.

