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1801 W 120th Street, Calumet Park, IL 60827
$300,000
1801 W 120th Street, Calumet Park, IL 60827View this property at 1801 W 120th Street, Calumet Park, IL 60827
1801 W 120th StreetCalumet ParkIL60827
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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 incentive, 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 incentive 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.
Full Property Details
Full Property Details for 1801 W 120th St
General
- Price: $300,000
- Taxes: (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12014361
- Updated: 4/3/2024
- Added to Site: 32 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
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Schools
Schools serving 1801 W 120th St
School Districts:Calumet Public School District 132, Community High School District 218
Rating | Name | Grades | Distance |
---|---|---|---|
Burr Oak School
1440 W Vermont Ave, Calumet Park, IL 60827 | PK-2 | 0.6 mi | |
1440 W Vermont Ave, Calumet Park, IL 60827 | 6-8 | 1.1 mi | |
10601 Central Ave, Oak Lawn, IL 60453 | 9-12 | 5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes 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
3/27/2024
Listed
$300,000
-57.14%
MLS
6/20/2006
Sold
$700,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1801 W 120th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
-100%
-100%
2021
$435
2%
$703
—
2020
$428
6%
$703
—
2019
$402
-1%
$703
—
2018
$408
4%
$703
—
2017
$393
35%
$703
29%
2016
$291
4%
$546
—
2015
$279
-1%
$546
—
2014
$283
-55%
$546
-61%
2013
$628
2%
$1,406
—
2012
$617
—
$1,406
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1801 W 120th St
1801 W 120th Street, Calumet Park, IL 60827 (MLS# 12014361) is a Commercial property. 1801 W 120th Street is currently listed for $300,000 and was received on March 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.