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$259,000 Just Listed
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Property Description
### **PRIME MIDLOTHIAN INVESTMENT & BUSINESS OPPORTUNITY** **Don't miss this opportunity!** Invest in an expansive **4,000-square-foot brick commercial building offering excellent visibility, functionality, and convenient access to major transportation routes. The property is currently ready for immediate occupancy**, providing an owner-user or investor with the flexibility to establish a business, expand operations, or reposition the property for a variety of permitted uses. The building features **three (3) overhead doors, with 12ft and 10 ft heights, a side drive, and front parking**, providing excellent functionality for businesses requiring loading, vehicle access, or additional parking. **Recent improvements add significant value**, including **upgrades to the electrical system and natural gas service**, as well as a newer roof, glass block windows, tuckpointing, and **framing that has been started for a new ADA-compliant bathroom**, allowing the next owner to continue the improvements and customize the space to meet their specific operational needs. The property is zoned **O/I - Office/Limited Industrial District**, offering a range of potential commercial and light industrial applications, subject to municipal approval. Potential uses may include **mini-warehouse/distribution, vehicle repair garage, light manufacturing, contractor-related operations, warehouse uses, and other office/industrial applications** Location is a major advantage. Situated in **Midlothian with convenient access to I-57, I-294, 147th Street, and Metra**, the property provides an excellent strategic location for businesses serving the south suburban Chicago market. **Whether you are an owner-user seeking an affordable commercial facility or an investor looking for a versatile property with upside potential, this 4,000-square-foot Midlothian opportunity deserves your attention.**
Full Property Details
Full Property Details for 14623 Waverly Ave
General
- Price: $259,000
- Taxes: (2022)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12749342
Location
- Area: Midlothian
- County: Cook
- Driving Directions: I-57 to 147th West to Waverly, North to the property.
- Location Details: South Suburban, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Construction: Block, Brick
- Exterior Const.: Block, Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
- Drive-In Doors: 2
- Stories/Levels: 1
- Square Feet: 4,000
- Current Bldg. Use: Commercial
- Year Built: 1952
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,750
- Lot Dimensions: 50 x 175
- Frontage: City Street
- Potential Use: Commercial, Industrial
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1952
- Tax Year: 2022
- Tenant Pays: Common Area Maintenance, Electricity, Heat, Janitorial Service, Insurance
Disclosures and Reports
- Property ID: 28111210030000
Listed by Baird & Warner
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Schools
Schools serving 14623 Waverly Ave
School Districts:Midlothian School District 143, Bremen Community High School District 228
| Name | Grades | Distance |
|---|---|---|
Springfield Elementary School, Midlothian, IL 14620 Springfield Avenue, Midlothian, IL 60445 | PK-6 | 0.2 mi |
Spaulding School 14811 Turner Avenue, Midlothian, IL 60445 | PK-3 | 0.6 mi |
Kolmar Elementary School 4500 143rd St, Midlothian, IL 60445 | K-8 | 1.1 mi |
Bremen High School 15203 Pulaski Road, Midlothian, IL 60445 | 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.
Tax History
Tax History for 14623 Waverly Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,356
6%
$53,116
—
2023
$20,101
100%
$53,114
100%
2022
100%
100%
2021
100%
100%
2020
-100%
-100%
2019
$36,063
2%
$83,030
—
2018
$35,492
4%
$83,030
—
2017
$34,208
5%
$83,030
9%
2016
$32,727
2%
$76,282
—
2015
$31,999
3%
$76,282
—
2014
$31,055
11%
$76,282
—
2013
$27,906
5%
$76,282
—
2012
$26,649
—
$76,282
—
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 14623 Waverly Ave
14623 Waverly Avenue, Midlothian, IL 60445 (MLS# 12749342) is a Commercial property. 14623 Waverly Avenue is currently listed for $259,000 and was received on September 02, 2026. Want to learn more about 14623 Waverly Avenue? Do you have questions about finding other Commercial real estate for sale in Midlothian? You can browse all Midlothian real estate or contact a Coldwell Banker agent to request more information.

