225 West Joe Orr Road $550,000


    225 West Joe Orr Road Chicago Heights, IL 60411

    • Commercial
    • MLS# 10578254
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    Views: 32 Days On Market: 234

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    Property Details

    The subject 3,290 sq ft well built brick and concrete building is a stand-alone former bank branch with a drive-thru window. The B-1 zoned location is ideal for use as a recreational dispensary, medical office, pharmacy, retail store or professional office. Features include a US bank grade vault, night drop safe, large US bank grade fireproof records room, several conference/meeting/ office rooms and 33 parking spaces. There is a fully finished 3,000 SF basement with 2 staircases and an elevator. The ADA and building code compliant property has a current retail certificate of occupancy. *The seller is willing to guarantee a recreational dispensary use as a condition precedent of the sale. *Seller will credit buyer at closing all code required dispensary build-out costs to include enclosing the rear drive-thru teller lane with automatic garage doors, fulfilling the state requirement for enclosed delivery unloading. *For buyers negatively impacted by the US Senate's failure to pass S.A.F.E., the seller may entertain creative financing and/or profit sharing in trade for building ownership. * Located near the busy high traffic intersection of Dixie Hwy and Joe Orr Rd., the property is close to the famous Crossroads of the Nation. * Current 19.45% bank branch real estate taxes should qualify for a reduction as a retail reclassification in 2020.

    • General Features
      • Information List Broker Must Accompany
      • Building Type Retail/Stores
      • Building SqFt. 3290
      • Taxes 81,077
      • Gross Rental Income 0
      • County Cook
    • Building Features
      • Air Conditioning Central Air
      • Construction Brick, Concrete
      • Building Exterior Brick
    • Property Features
      • Foundation Concrete
      • Utilities Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site
      • Electrical Service Other/Unknown


    Joe Cibula

    Joe Cibula


    Gagliardo Realty

    Cell: 312-305-4189


    60411 (Chicago Heights) Demographics

    33 Median Age
    1,852 Population Density (per sq. mile)
    24% College Educated
    $40,283 Estimated Median Income
    12,395 Estimated Total Home Owners
    7,839 Estimated Total Renters
    61% / 39% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    58,630 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $100,000 Median Sales Price
    41 Homes Sold
    70 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $550,000
        11/20/2019 3:39:00 PM New in Database Source

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.