Date
Details
Price
Change
Source
9/25/2025
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/13
$1,199,000
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1/13
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.
Full Property Details
Full Property Details for 25 E 16th St
General
- Price: $1,199,000
- Taxes: (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12479092
- Updated: 10/1/2025
- Added to Site: 168 day(s) ago
Interior
- Interior Features: Common Lunchroom(s), Common Meeting Room(s), Freight Elevator(s), Private Restroom(s), Storage Inside, Basement
- Flooring: Carpet, Concrete, Tile
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: Chicago Heights
- County: Cook
- Township: Bloom
- Driving Directions: RT. 30 (LINCOLN HWY) TO CHICAGO RD. SOUTH TO 16th STREET. EAST TO THE PROPERTY.
- Location Details: Central Business District, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Ceiling Units, Ceiling Fans
Utilities
- Onsite: Electricity Available, Natural Gas Available, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Sub-Flooring: Carpet, Concrete, Tile
- Stories/Levels: 1
- Square Feet: 6,250
- Current Bldg. Use: Commercial, Office, Medical/Dental
- Year Built: 1974
Unit Information
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 65,566
- Lot Dimensions: 508 x 233 x 100 x 124 x 220 x 110 x 155 x 97
- Frontage: City Street, Public Road, Paved
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored
- Assessment Year: 1974
- Tax Year: 2023
- Tenant Pays: Electricity, Heat, Taxes, Insurance, Scavenger, Sewer
Disclosures and Reports
- Documents Avail.: Demographics, Traffic Counts
- Property ID: 32204160160000
Listed by Village Realty, Inc.
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Listing agent
— 25 E 16th St —
Village Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 25 E 16th St
School Districts:Chicago Heights School District 170, Bloom Township High School District 206
| Name | Grades | Distance |
|---|---|---|
Washington-Mckinley Elementary School 25 West 16th Place, Chicago Heights, IL 60411 | K-8 | 0.1 mi |
Bloom High School 101 West 10th Street, Chicago Heights, IL 60411 | 9-12 | 0.8 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 25 E 16th St
Tax History
Tax History for 25 E 16th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
100%
100%
2019
-100%
-100%
2015
$2,228
1%
$4,203
—
2014
$2,208
4%
$4,203
—
2013
$2,126
3%
$4,202
—
2012
$2,060
—
$4,202
—
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 25 E 16th St
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- Single Family
- Active
- Updated 59 minutes ago
- 3Beds
- 1Total Bath
- 1,092Sq. Ft.
![[Address not provided], Steger, IL 60475 - Photo 1](https://m.cbhomes.com/p/155/12567264/0d250A408b03431/s23cc.webp)
- Single Family
- Active
- Updated 59 minutes ago
- 5Beds
- 4Total Baths
- 3,550Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 2,744Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,472Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 870Sq. Ft.
- Single Family
- Active
- Updated 59 minutes ago
- 3Beds
- 2Total Baths
- 2,680Sq. Ft.
Listed by Lamarr Gaines (708) 733-3650
- Single Family
- Active
- Updated 59 minutes ago
- 3Beds
- 1Total Bath
- 1,092Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,734Sq. Ft.
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25 E 16th Street, Chicago Heights, IL 60411 (MLS# 12479092) is a Commercial property. 25 E 16th Street is currently listed for $1,199,000 and was received on September 25, 2025. Want to learn more about 25 E 16th Street? Do you have questions about finding other Commercial real estate for sale in Chicago Heights? You can browse all Chicago Heights real estate or contact a Coldwell Banker agent to request more information.