3356 W 147th Street, Midlothian, IL 60445
Commercial Building for Sale | $85,000
Approximately 2,912 SF | B-1 Neighborhood Business Residential Zoning | PIN: 28-11-227-019-0000
PROPERTY DETAILS
MoHall Commercial & Urban Development presents 3356 W 147th Street, a value-add commercial property for sale along the highly traveled 147th Street corridor in Midlothian, Illinois. Offered at $85,000, this approximately 2,912-square-foot, one-story brick building provides an affordable opportunity for a business owner, entrepreneur, investor, or developer looking to establish a location in Chicago’s South Suburbs.
Situated on approximately 0.12 acre with direct frontage along 147th Street / Illinois Route 83, the property benefits from strong visibility, convenient regional access, and proximity to established residential neighborhoods. The 147th Street commercial corridor carries more than 18,000 vehicles per day, providing exposure to residents, commuters, and customers traveling throughout Midlothian and the surrounding South Suburban market.
The building was previously configured for a neighborhood hospitality use and features an open commercial layout with an existing counter area and flexible interior space ready for renovation and repositioning. The property offers an opportunity for a new owner to modernize the storefront, redesign the interior, and create a business location tailored to their specific concept.
B-1 Neighborhood Business Residential zoning supports a variety of neighborhood-oriented commercial uses. Potential concepts may include a restaurant or café, specialty retail store, professional office, medical or dental office, salon or personal-care business, wellness concept, creative studio, indoor recreation use, or other service-oriented business, subject to applicable Village of Midlothian requirements and approvals.
For an owner-user, the property provides an opportunity to own the real estate supporting the business rather than continue paying rent, while maintaining greater control over future improvements, branding, and occupancy costs. For an investor or developer, the approximately $29-per-square-foot acquisition basis creates an attractive starting point for renovation, adaptive reuse, and long-term value creation.
Location is another key advantage. The property is approximately 0.5 mile from the Midlothian Metra Station on the Rock Island District Line, with Pace Route 354 service available along the 147th Street corridor. Midlothian also offers convenient access to Interstate 57 and Interstate 294, connecting the property to Chicago, neighboring South Suburban communities, and the broader metropolitan area.
3356 W 147th Street offers the combination of an approachable purchase price, existing commercial building, flexible B-1 zoning, strong corridor visibility, public transportation, and regional expressway access. For a buyer prepared to renovate and bring a new concept to the property, this is an opportunity to create a distinctive business location along one of Midlothian’s primary commercial corridors.
