Home Details for 1488 Aberdeen Street

For small commercial/retail storefronts in Chicago Heights' B5 central business district, recent data and listings show: * Average asking rents is established per square foot annually (depending on landlord). * This building: 2,519 sq. ft. total 3 units 840 sq. ft. per unit (give or take depending on configuration). The income approach was used to set the value (price) which created the potential rent. The typical vacancy allowance was also included. The EGI income was calculated. The estimate operating was use. The operating income was used and the typical Chicago Heights cap rate (for commercial property was used The income approach created value for this property not comparison because there are none The city requires some small repairs and the buyer will have to put up a small escrow. BOTTOM LINE Market rent supports the income approach used for pricing resulting in the property being fairly priced. It is also an Exceptional property and a rare opportunity to own a brick, single-level commercial property, featuring three distinct retail units-perfect for investors, entrepreneurs, or those looking to combine business ownership with property investment. Flexible Layout for Multiple Businesses * The building offers eight rooms distributed across the three separate units, each having its own entrance and exit for maximum privacy. One unit includes a dedicated conference room, suitable for meetings, shared workspace, or communal activities-ideal for professional services, wellness centers, or retail operations. Prime Location for Community Engagement * Centrally positioned in the Chicago Heights Central Business District, with proximity to Lincoln Highway (US-30) for regional traffic and Aberdeen Street for neighborhood access. Surrounded by community anchors-public library, park district facility, and newly built affordable housing for veterans-offering a built-in customer base for retail, medical, professional, or service-oriented businesses. Chicago Heights has always been proactive about helping its businesses take advantage of the wide range of local and state financial incentives and tax abatement programs. Opportunity for Owner-Occupancy * Ideal for buyers who wish to operate their own business out of one unit while leasing the others, maximizing both investment and entrepreneurial potential-an excellent way to establish a retail hub and benefit from rental income.

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