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42 W 14th St
Chicago Heights, IL 60411
42-44 W Lincoln Hwy · Office Property For Sale


Investment Highlights
- High-visibility location on Lincoln Highway (US-30) with 31,000–37,000 vehicles per day and proximity to key civic anchors.
- Secondary building leased at $1,700/month on a month-to-month basis with tenant-paid utilities, providing immediate in-place income from day one.
- Recently updated 5,400 SF office with exposed brick, epoxy floors, 10' ceilings, new furnaces, and 20-space parking — move-in ready.
Executive Summary
42–44 W 14th St is a recently updated office property located along the high-visibility Lincoln Highway (US-30) corridor in Chicago Heights. The property sits on a single contiguous site comprised of six individual PINs and includes two separate buildings totaling approximately 6,600 square feet, along with a 20-space dedicated parking lot. The main building (±5,400 SF) is currently vacant and offers a flexible layout with a combination of open-concept space and private offices, making it well suited for an owner-user or multi-tenant configuration.
Interior improvements to the main building include exposed brick walls, approximately 10’ ceilings, epoxy flooring throughout, upgraded lighting, two remodeled restrooms, a kitchen area, two brand-new furnaces, and a partially new roof. The secondary building (±1,200 SF) has been updated and is currently leased at $1,700 per month on a month-to-month basis, with separately metered utilities paid by the tenant, providing immediate in-place income.
Zoned Office / Residential, the property supports a wide range of professional and commercial uses and is particularly well suited for medical or healthcare-adjacent users. The property is eligible for the Cook County Class 8 Real Estate Tax Incentive, administered through the City of Chicago Heights, with the City having expressed support for the property subject to the buyer’s proposed use and business plan. Positioned along a heavily traveled arterial with approximately 31,000–37,000 vehicles per day, and in close proximity to civic anchors such as the Chicago Heights Park District and Public Library, the property offers strong visibility, accessibility, and long-term value for both owner-users and investors.
Interior improvements to the main building include exposed brick walls, approximately 10’ ceilings, epoxy flooring throughout, upgraded lighting, two remodeled restrooms, a kitchen area, two brand-new furnaces, and a partially new roof. The secondary building (±1,200 SF) has been updated and is currently leased at $1,700 per month on a month-to-month basis, with separately metered utilities paid by the tenant, providing immediate in-place income.
Zoned Office / Residential, the property supports a wide range of professional and commercial uses and is particularly well suited for medical or healthcare-adjacent users. The property is eligible for the Cook County Class 8 Real Estate Tax Incentive, administered through the City of Chicago Heights, with the City having expressed support for the property subject to the buyer’s proposed use and business plan. Positioned along a heavily traveled arterial with approximately 31,000–37,000 vehicles per day, and in close proximity to civic anchors such as the Chicago Heights Park District and Public Library, the property offers strong visibility, accessibility, and long-term value for both owner-users and investors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,600 SF
Building Class
C
Year Built
1925
Price
$950,464 CAD
Price Per SF
$144.01 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,600 SF
Building FAR
1.00
Lot Size
0.15 AC
Zoning
R-4
Parking
15 Spaces (2.27 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $151,125 CAD | |
| Land Assessment | $22,088 CAD | Total Assessment | $173,213 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$22,088 CAD
Improvements Assessment
$151,125 CAD
Total Assessment
$173,213 CAD
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