New Listing
Description
A rare opportunity to acquire a substantial commercial property offering nearly 20,000 square feet of building space and approximately 170 parking spaces. Properties combining this scale of interior space with extensive on-site parking are rarely available, making this an appealing opportunity for investors, owner-users, and business operators. The property offers an existing event venue with potential for continued use or adaptation to other business purposes. The Village has indicated flexibility regarding potential uses for the property, creating an appealing opportunity for investors and owner-users to explore a variety of commercial possibilities. Currently operating as a banquet hall, the property offers an existing business use alongside potential opportunities for adaptation to meet future business needs, subject to applicable municipal requirements and approvals. The property's appeal extends beyond its interior square footage. Approximately 170 parking spaces provide convenient access for guests, customers, employees, and visitors. This combination of substantial building space and extensive parking is particularly attractive for businesses and operations that require room to accommodate larger groups. Conveniently located near La Grange, La Grange Park, Hodgkins, Lyons, and Brookfield, the property is well positioned to serve surrounding communities and nearby commercial areas. Easy access to I-55 connects the location to Chicago and the surrounding suburbs. With its substantial size, extensive parking, existing banquet hall operation, and potential for alternative uses, this property presents a distinctive opportunity for buyers seeking flexibility, functionality, and room for future growth.
Details
| MLS # | 12774433 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 2 |
| Listing Provided By | Ellsbury Group LLC | Natalia Nash |
Features
| SQ Feet | 20,000 |
|---|---|
| Story(s) | 1 |
| Zoning | OTHER |
| Acreage | 1.69 |
Interior
| Cooling | Central Air |
|---|
Utilities
| Electric | Other |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 91328 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | McCook |
| Zip Code | 60525 |
| Area | McCook |
| Listing VS Median (in 60525) | |
Price: $2,950,000 low | high Med: $449,900 sqft: 20,000 low | high Med: 1,615 $ / sqft: $148 low | high Med: $279 On site: 2 low | high Med: 15 | |
Market Activity 60525
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | McCook |
| Zip Code | 60525 |
| Area | McCook |
| Listing VS Median (in 60525) | |
Price: $2,950,000 low | high Med: $449,900 sqft: 20,000 low | high Med: 1,615 $ / sqft: $148 low | high Med: $279 On site: 2 low | high Med: 15 | |