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$24,000
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Property Description
Seize a unique opportunity to establish your business in the vibrant core of Hazel Crest. This expansive 2,436 sq. ft. property features two spacious storefronts, offering a versatile canvas for developers and entrepreneurs aiming to make a significant impact in Chicago's south suburbs. The property's adaptable layout is ideal for a variety of commercial ventures, from boutique retail shops and creative studios to dynamic service centers. Strategically located just two blocks from the Metra Station and three blocks from I-294 (Illinois Toll Road), this property ensures exceptional connectivity and accessibility for both clients and customers. The inclusion of an overhead door and rear parking enhances its functionality, catering to businesses that require seamless logistics and convenient customer access. Hazel Crest is on the cusp of a cultural and economic renaissance, highlighted by the planned Creative Arts District. This initiative aims to transform vacant retail spaces into vibrant art centers, fostering a thriving arts community and attracting visitors and patrons to the area. Adding to the area's allure is the newly opened Wind Creek Chicago Southland Casino in East Hazel Crest. This state-of-the-art entertainment venue features over 1,400 slot machines, 56 table games, and a variety of dining options, drawing a substantial influx of visitors and contributing to the local economy. Investing in this property means positioning your business at the forefront of Hazel Crest's transformation, benefiting from increased foot traffic and the dynamic energy brought by these developments. Don't miss the chance to be part of this exciting growth-secure this prime location and let your business thrive in the evolving landscape of Hazel Crest.
Full Property Details
Full Property Details for 16858 Park Ave
General
- Sold For: $24,000
- Taxes: (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12269814
- Added to Site: 371 day(s) ago
Interior
- Interior Features: Multi-Tenant, Overhead Door(s)
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Hazel Crest
- County: Cook
- Driving Directions: WOOD STREET TO 167TH STREET EAST TO PARK - SOUTH TO PROPERTY
- Location Details: Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Ceiling Units, Gas, Gravity
Utilities
- Water: Municipal Water
- Onsite: Electricity Available, Natural Gas Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 2,436
- Current Bldg. Use: Commercial
- Year Built: 1970
Lot Features
- Lot Size (Sq. Ft.): 6,150
- Lot Dimensions: 50 x 151
- Frontage: City Street
- Zoning: INDUS
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1970
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Varies by Tenant
Disclosures and Reports
- Property ID: 29302150100000
Listed by MoHall Commercial & Urban Development
Sold by Non Member
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Schools
Schools serving 16858 Park Ave
School Districts:Hazel Crest School District 152-5, Thornton Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Jesse C White Learning Academy 16910 S Western Ave, Hazel Crest, IL 60429 | 1-4 | 0.9 mi |
Thornwood High School 17101 South Park Avenue, South Holland, IL 60473 | 9-12 | 2.8 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 16858 Park Ave
Date
Details
Price
Change
Source
9/30/2025
Sold
$24,000
-60%
MLS
1/13/2025
Listed
$60,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
16858 Park Avenue, Hazel Crest, IL 60429 (MLS# 12269814) is a Commercial property that was sold at $24,000 on September 30, 2025. Want to learn more about 16858 Park Avenue? Do you have questions about finding other Commercial real estate for sale in Hazel Crest? You can browse all Hazel Crest real estate or contact a Coldwell Banker agent to request more information.

