Listing provided courtesy of Core Realty & Investments Inc.MREDas Distributed by MLSGrid- MLS# 12374939
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Request Info18660 Dixie Highway SHomewood, IL 60430
Commercial · 10,289 Sq. ft.$1,690,000
Active
18660 Dixie Highway S Overview
- Time on Site:
- 400 days
- Visits:
- 11
Rare opportunity to own a well-established strip mall in the heart of Homewood, conveniently located just steps from the Metra train station and approximately 35 minutes from downtown Chicago. This multi-unit commercial property features 11 business suites with a strong mix of long-standing tenants, including an auto repair shop (25+ years), former bakery (50+ years, closed during COVID but still equipped), photo salon, dry cleaner (equipment included), insurance agency, and more. The property also offers 3 vacant units, ideal for an owner-user or additional rental income. 2024 gross income of $150,000, with upside potential to $200,000-$250,000 as rents are brought to market. All-new roof installed in 2025, providing added value and reduced future expenses. Additional highlights include over 50 parking spaces and a single-family home converted to office use, which can be reverted back to residential if desired. Zoned commercial with multiple use possibilities. Family-owned for 70 years, this property presents a solid investment with stable cash flow and strong upside potential.
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18660 Dixie Highway S Facts & Features
- Type Commercial
- Sq. ft. 10,289
- Price/Sq.ft. $164
Details
General
Income/Expenses
- Other Expense: 10
- Electric Expense: 10
- Existing Lease Type: Gross
- Fuel Expense: 10
- Gross Income: 155100
- Gross Scheduled Income: 155100
- Insurance Expense: 5500
- Net Operating Income: 93209
- Trash Expense: 950
- Water Sewer Expense: 10
Building Information
- Year Built: 1959
Business Information
- Current Use: Commercial,Automotive
Location/Region
- County Or Parish: Cook
- MLS Area Major: Homewood
- Township: Bloom
Tax Information
- Tax Annual Amount: $61,890.29
- Tax Year: 2023
General Information
- Parcel Number: 32061180160000
- Possible Use: Commercial,Office,Retail,Special Use,Other
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 10289
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Foundation Details: Concrete Perimeter
- Stories: 1
Exterior
Lot Information
- Additional Parcels: Yes
- Frontage Type: City Street
- Lot Size Dimensions: 255X255
- Lot Size Square Feet: 24634
Building Exterior/Construction
- Construction Materials: Brick, Concrete, Block
General Information
- Number Of Units Total: 11
18660 Dixie Highway S Neighborhood
Community
60430 (HOMEWOOD) Demographics
40
Median Age
2,878
Population Density (per sq. mile)
53%
College Educated
$80,056
Estimated Median Income
5,843
Estimated Total Home Owners
1,567
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.18660 Dixie Highway S Monthly Cost
18660 Dixie Highway S Market Data
Based on the last 30 days in this zip code
$241,933
Average List Price
$170
Average Price per Square Foot
28
Properties Sold
71
Average Days on Market
109
Properties for Sale
18660 Dixie Highway S History
| Date | Value | Agent |
|---|---|---|
| 1/3/2026Source: MRED | Active |
|
| 12/30/2025Source: MRED | $1,690,000 -3.4% |
|
| 12/30/2025Source: MRED | Price Change |
|
| 5/30/2025Source: MRED | Active |
|
| 5/25/2025Source: MRED | May 25, 2025 |