
Mixed-Use Land for Sale in Chicago Heights, Illinois
25 E 16th St, Chicago Heights, IL 60411
THIS FORMER BANK BUILDING IS 6,250 SF WITH A FULL BASEMENT OFFERING ANOTHER 6,250 SF, OF WHICH ABOUT 5,400 SF IS LEASABLE AND USABLE SPACE, ALL SITUATED ON 1.5 ACRES. LOCATED IN THE CENTRAL BUSINESS DISTRICT, THE PROPERTY IS ZONED MX2 (MIXED USE) - AN INCREASINGLY DESIRABLE DESIGNATION WITH NEW DEVELOPMENT ALREADY PLANNED IN THE AREA. ALL FIXTURES FOR A BANK FACILITY REMAIN IN PLACE, INCLUDING 3 SAFES. FEATURES INCLUDE A LARGE LOBBY AREA, TRAINING ROOM, PRIVATE OFFICES WITH BATHROOMS, AND A FULLY FINISHED BASEMENT WITH A KITCHEN, MULTIPURPOSE ROOM, BANQUET ROOM, AND TWO ADDITIONAL BATHROOMS. THE ZONING ALLOWS FOR A WIDE RANGE OF USES INCLUDING RETAIL, OFFICE, DAYCARE, BANK, OR EVEN RESIDENTIAL CONVERSION. THE CITY OF CHICAGO HEIGHTS IS OPEN TO APARTMENTS BEING ADDED TO THE EXISTING BUILDING, MAKING THIS AN ATTRACTIVE REDEVELOPMENT PLAY. ADDITIONAL HIGHLIGHTS INCLUDE SOLID MASONRY CONSTRUCTION, PLENTY OF PARKING, EXPANSION LAND, BACKUP GENERATOR, ALARM SYSTEM, SECURITY CAMERAS, AND OVER 800 AMP, 3-PHASE SERVICE.
Location
- Street address
- 25 E 16th St
- County
- Cook County
- Community
- Chicago Heights
Directions
RT. 30 (LINCOLN HWY) TO CHICAGO RD. SOUTH TO 16th STREET. EAST TO THE PROPERTY.
Property details
- Acreage
- 1.51 acres
- Zoning
- RTAIL
- MLS #
- MRED 12479092
- Posted
Parcels
- 32204160160000
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Retail
Structure
- Stories
- 1
- Cooling
- Central Air
- Materials
- Brick
Interior
- Flooring
- Carpet, Concrete, Tile
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Water | Public | Available | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 20, 2025 | New listing | $1,199,000 | — | MRED |












