25 E 16th St Chicago Heights, IL 60411
Roosevelt-Cook County NeighborhoodEstimated payment $6,860/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,960
Lot Details
- Lot Dimensions are 508x233x100x124x220x110x155x97
- Corner Lot
- Additional Parcels
- Property is zoned COMMR
Home Design
- Mixed Use
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,960 | -- | -- | -- |
| 2023 | $5,960 | -- | -- | -- |
| 2022 | $5,960 | -- | -- | -- |
| 2021 | $5,960 | $0 | $0 | $0 |
| 2020 | $5,960 | $0 | $0 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2015 | $5,960 | $11,241 | $6,954 | $4,287 |
| 2014 | $5,906 | $11,241 | $6,954 | $4,287 |
| 2013 | $5,677 | $11,220 | $6,954 | $4,266 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | For Sale | $1,199,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12490127
APN: 32-20-416-016-0000
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