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    225 Joe Orr Road

    Chicago Heights, IL 60411
    • $550,000
    • STATUS: Active
    • ON SITE: 308 days
    • MLS #: 10578254
    UPDATED: 118 min ago
    $550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,290
      SQFT
    • $167
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    Description

    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.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2020-09-23T23:51:01.15 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    225 Joe Orr Road Chicago Heights, IL 60411

    • Price: $550,000
    • Status: Active
    • Updated: 118 min ago
    • MLS #: 10578254
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,290
    SQFT
    $167
    $/SQFT
    1975
    Built
    Neighborhood:
    Chicago Heights
    County:
    Cook
    Area:
    Chicago Heights
    Property Description
    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.
    Exterior Features

    Construction BrickConcrete Foundation Concrete Location Public Transport Avail Lot Dimensions 192X131X191X130 Lot Sq Ft 41146 Number Of Parking Spaces 33 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Air Fire Protection Other Floor Finish CarpetConcreteTile Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SElevator/S PassengerHandicapped AccessHandicapped Equip Washroom/SPrivate Restroom/SPublic Restroom/SStorage InsideBasementExplosion/Fireproof Room Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 31-50 SpacesPrivate Lot

    Property Features

    Electrical Service Other/Unknown Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Gross Rental Income Amount 0 Heat Ventilation Central Bldg Heat Known Encumbrances None Known Lease Type Net Max Avail Sq Ft Rentable 3290 Min Avail Sq Ft Rentable 3290 Net Oper Income Amount 0 Property Offered For Sale Only Tax Year 2018 Taxes 81077 Tenant Pays Other Total Annual Exp 9600 Total Annual Expense Source Owner Projection Total Annual Income 0 Township Bloom Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater To Site

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2020-09-23T23:51:01.15 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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