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    225 W Joe Orr Road

    Chicago Heights, IL 60411
    • $399,000
    • STATUS: Active
    • ON SITE: 145 days
    • MLS #: 10936795
    UPDATED: 19 min ago
    $399,000
    • 0
      BEDS
    • 0.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,290
      SQFT
    • $121
      $/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 bank branch real estate taxes should qualify for a reduction as a retail reclassification in 2021.

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    © 2021 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T12:54:49.263 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 W Joe Orr Road Chicago Heights, IL 60411

    • Price: $399,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 10936795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.94
    Acres
    3,290
    SQFT
    $121
    $/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 bank branch real estate taxes should qualify for a reduction as a retail reclassification in 2021.
    Exterior Features

    Construction Materials BrickConcrete Foundation Details Concrete Perimeter Location Public Transport Avail Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 31-50 SpacesPrivate Lot Parking Total 33

    Interior Features

    Cooling Central Air Electric Other Fire Protection Other Flooring CarpetConcreteTile Heat Ventilation Central Bldg Heat Leasable Area 3290 Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SElevator/S PassengerHandicapped AccessHandicapped Equip Washroom/SPrivate Restroom/SPublic Restroom/SStorage InsideBasementExplosion/Fireproof Room

    Property Features

    Additional Parcels YN Yes Existing Lease Type Net Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Gross Income 0 Gross Scheduled Income 0 Known Encumbrances None Known Lot Size Dimensions 192X131X191X130 Min Avail Sq Ft Rentable 3290 Operating Expense 9600 Property Offered For Sale Only Tax Annual Amount 83795 Tax Year 2019 Tenant Pays Other Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerWater To Site

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 2021 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T12:54:49.263 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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