18660 Dixie Highway S
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.
- Marco's Pizza 0.5 mi
- Domino's 0.5 mi
- Aurelio's Pizza 0.6 mi
- Dairy Queen 0.8 mi
- Flossmoor Station Restaurant & Brewery 0.9 mi
- The Bistro on Sterling 0.9 mi
- Walt's Food Center 0.6 mi
- AP 0.8 mi
- Mobil Mart 1.4 mi
- Jewel-Osco 1.5 mi
- Millennium Park 0.4 mi
- Willow Park 0.4 mi
- Merchants Park 0.5 mi
- Indian Trail Park 0.6 mi
- Orchard Park 0.7 mi
- Independence Park 0.7 mi
- Dunkin' 0.6 mi
- Starbucks 0.8 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12374939