Lemont, IL 60439 400 E Illinois Street

400 E Illinois Street Lemont, IL - Image 1400 E Illinois Street Lemont, IL - Image 2
Presented By: Coldwell Banker Realty
  • MLS# 11958491
  • 01/09/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 4,200

Home Details

Discover a unique business opportunity in the heart of Historic Lemont with this completely renovated and rebuilt mixed-use corner building. Perfectly situated just one block from Main Street and close to public transportation, this property offers incredible potential as both an income producer and a thriving business location. This prime corner lot, measuring 50x45 feet, boasts a total building area of approximately 4,200 square feet. On the ground level, you'll find two completely renovated storefronts: an office space of approximately 1,000 square feet and a business corner storefront of roughly 1,200 square feet. Additionally, there is a lower-level basement for extra storage or utility space. The second level features two completely renovated 2-bedroom apartments, each approximately 1,050 square feet. The current rents for these units are low, presenting an opportunity for an increase to match current market rates. The property underwent a full renovation, including a new roof, interior finishes, and all mechanical equipment. The streetscape has been upgraded with new sidewalks and curbs, enhancing the overall appeal. Located just one block from Main Street, this property is conveniently close to public transportation and offers easy access to major highways I-55 at Lemont Rd., I-294, and I-355. This like-new property is a must-see for anyone to invest in this vibrant community. This is an exceptional opportunity with its prime location, extensive renovations, and potential for increased rental income. Schedule a viewing today.
Presented By: Coldwell Banker Realty

Interior Features for 400 E Illinois Street

Other Interior Features

FlooringCarpet, Tile, Varies
Total Fireplaces

General for 400 E Illinois Street

Additional Parcels Y/NNo
CityLemont
Construction MaterialsWood Frame
CoolingCentral Air
CountyCook
Current UseCommercial
Days on Market222
DirectionsHeart of Downtown Lemont, Illinois Street and Lemont St. Go east 1 block to two story corner bldg. on the SEC.
ElectricService - 101 to 200 Amps
Electric Expense
Fuel Expense
Gross Income88800
Insurance Expense
Lot Size Square Feet2250
MLS AreaLemont
Net Operating Income70302
NumberOfUnitsTotal4
Operating Expense18498
Possible UseCommercial, Multi-Family
Property SubTypeApts/Ofc/Store, Apts/Ofc, Apts/Stores, Ofc/Store
Property TypeCommercial Sale
Property TypeMixed Use
RoofMembrane
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount7163
Tax Year2022
Tenant PaysElectricity, Heat
TownshipLemont
Trash Expense0
Water Sewer Expense0
Year Built1857
ZoningCOMMR

Exterior for 400 E Illinois Street

Building Area Total4200
Foundation DetailsStone
Frontage TypeCity Street
Lot Dimensions50X45

Additional Details

Price History

Worth Clark

Price $995,000
MLS#11958491
List Date 01/09/2024
Property Type Commercial
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