747 E 142nd St , Dolton, Illinois 60419
Great investment opportunity with excellent potential.
Overall, the property is generally in good condition needing some repairs and updating.
The property is on 6 lots totaling 0.44 acres (19,166 sq ft) providing ample space for parking.
The property is ideal for a variety of retail uses being located on a busy road with good access.
Great location for business:
Population just under 300,000 within 5 miles- Average Household income over $60,000 within 1 mile.
Property Description:
One story brick building that 's divided into two units. The front unit was used as a hair salon and the side unit as a car mechanic.
The property is structurally sound, the brickwork is in good condition and so are the windows and doors. The roof is needs some repairs over the salon area. Internally, the rooms, floors, ceilings, woodwork and decoration are generally in good condition but need some repairs and updating.
The property is suitable for a variety of retail uses to include : restaurants, retail stores, auto showrooms, hair salon, car mechanic, services, warehouse sales, services and storage, clubs and similar uses.
Being 2 units the owner may use one unit and rent the other to generate additional income or use both units if larger space is needed.
Location
Dolton is a busy city located just south of Chicago, IL. The property is located in Downtown Dolton on a busy road in an area which is very accessible and close to major centers of employment and many facilities and amenities. The property is located on a busy road with daily traffic count on 142nd St of 10,400. The front of the property where the beauty saloon was located overlooks the Lake Cottage Grove lake.
The neighborhood is pleasant mixed commercial residential and the property is located close to John Needles Park and within 1.9 miles of Riverdale IL, 2.9 miles of South Holland IL and just over 4 miles from Calmut City.
Access to and from the property is very good with it being located a few minutes' drive to two main Highways and within a short walk of a busy Bus line.
The property is close to local facilities and amenities:
Restaurants
Taurus Flavors (.2mi), DJ's Sports Bar and Grill (.2mi), Sharks Fish & Chicken (.2mi), Chinn's Restaurant (.3mi), Village Cafe in Dolton (.3mi), Spoon's Bbq Pit (.3mi), Boz's (.6mi), China Palace Restaurant (.8mi), Hawaiian Grill (.8mi), Andy's Hot Dogs (.9mi), Chicago Pit Stop BBQ (.9mi), Lilah's Sports Bar Grill & Banquets (1mi), Baba's Famous Steak & Lemonade (1mi), Domino's Pizza (1mi), Pepe's (1mi), Wilma's Famous BBQ (1mi), Olivia's Restaurant (1mi), SUBWAY® Restaurants (1mi), Checkers (1.1mi), Jimmy's Burgers - Dolton, IL (1.1mi), JJ Fish & Chicken (1.1mi), Burger King (1.1mi), KFC (1.1mi), JR'S Jamaican Jerk (1.1mi), Jz's Fast Food (1.1mi), Golden China (1.2mi), Wendy's (1.2mi), The Taco Place (1.2mi), Big Buba's Philly Steak & Lemonade (1.2mi), Wendys En Rout (1.3mi), Davis Chinese (1.3mi), Sausage JJ (1.3mi), Harolds Shrimp and Chicken (1.3mi), Bens Kitchen (1.3mi), Taco Bell (1.3mi), The Village Eatery (1.3mi), Thom's Turkey & Bar-B-Cue (1.4mi), Los Tacos (1.4mi), South Holland Gyros (1.4mi), White Castle (1.4mi), Yoshama Inc (1.4mi), Rico Rinos Pizza (1.5mi), Moys #3 (1.6mi), Harold's Chicken Shack (1.6mi), Italian Fiesta Pizzeria (1.6mi), Shan Kee Chinese Kitchen (1.6mi), Kozy Korner Catering & Deli (1.6mi), Joy & Jan's Café (1.7mi), Nicky's Gyros (1.7mi), SUBWAY® Restaurants (1.7mi), El Burrito Real (1.7mi), Sharks fish and chicken in Harvey IL (1.8mi), Popeye's Louisiana Kitchen (1.8mi), 2 Chic's In A Kitchen (1.8mi), Shark's Fish & Chicken (1.9mi), Salad Express Café (1.9mi), Jamaica Jerk Choice (1.9mi), Fry Fry (1.9mi), USA Pancake House (2mi), J & J Fish & chicken (2mi), Brown's chicken (2mi), TACO TACO (2mi), Crystal's (2mi), Irie Jerk (2.1mi), Number 1 Chop Suey (2.1mi), SUB ONE FISH & CHICKEN (2.1mi), Gold Moon Chinese Restaurant (2.1mi), GREENS BBQ (2.1mi), Phillie's Original Steak (2.1mi), Malones Bar-B-Q (2.2mi), Lighthouse Bar and Grill (2.2mi), Harold's Chicken Shack (2.2mi)
Coffee
Dotty's (1.1mi), Dunkin' Donuts (1.1mi), Linda's Video Café (1.6mi), McDonald's (1.7mi), Dunkin' Donuts (1.7mi), Penny's Place (1.8mi), Ace Coffee Bar (2.3mi), Dunkin' Donuts (2.5mi), Panera Bread (2.5mi), McDonald's (2.5mi), Penny's Place (3.2mi), Starbucks (3.4mi)
Bars
Angel's (.3mi), Romar's Tap (.3mi), Epic Center (.3mi), Sandpiper Lounge (.5mi), V I P Lounge Inc (.6mi), Waterfront Marine Inc (2mi), Burnham Liquors & Pantry (2.2mi), Larry's of Harvey (2.2mi), Marvin's Place (2.3mi), Maury's Pub (2.5mi), What's Up (2.6mi), Jack's Lounge (2.7mi), The Factory (2.9mi),
Groceries
Quality Food & Liquor (.2mi), Fairway Finer Foods (.8mi), Illinois Link Groceries Tobaco (.8mi), Food 4 Less (1mi), Regal Pre Pared Foods Inc (1mi), J R Grocery Store (1.1mi), New Store Mart Inc (1.1mi), Herman Foods (1.2mi), Key Food & Liquor (1.3mi), Village Groceries (1.5mi), Fairway Finer Foods (1.6mi), The Connect (1.6mi), Pete's Fresh Market #07 - Calumet City (1.7mi), City Food Market (1.8mi), Star Groceries (1.9mi), Sibley discount (2.1mi), All Foods (2.1mi), Burnham Pantry (2.2mi), La Barca Food Products (2.3mi), La Frontera (2.5mi), Devine Food Market (2.5mi), Jewel-Osco (2.6mi), Phoenix Corner Store Mini Mart (2.6mi), Walt's Food Center South Holland,IL (2.6mi),
Parks
Dolton Park (.6mi), Needles Park (.7mi), Carver Park (1.1mi), Beaubien Forest Preserve (1.1mi), Riverdale Park (1.4mi), Ivanhoe Park (1.4mi), Franson Park (1.5mi), Fowney Park (1.6mi), Golden Gate Park (1.6mi), Prairie Park (1.6mi), Tomahawk Park (1.7mi), Blackstone Park (1.7mi), Riverdale Park Recreation Center (1.8mi), Riverside Park (1.8mi), Van Oostenbrugge Park (1.9mi), Whistler Preserve (2.1mi), Little Calumet Park (2.1mi), Calumet Park (2.1mi), Riverview Park (2.1mi), Pacesetter Park (2.2mi), Veterans Memorial Park (2.2mi), Lion Field (2.3mi), Kiwanis Field (2.4mi), Cottage Park (2.4mi),
Schools
Lincoln Junior High School (.2mi), Harriet Tubman School (.6mi), Franklin Elementary School (.7mi), Cuddle Care Child Care Center (.9mi), New Life Celebration Christian Academy (1mi), Thornridge High School (1mi), Nurturing Developmental & Learning Center (1mi), Carver Primary School (1.1mi), Berger-Vandenberg Elementary School (1.1mi), The Promise Christian Academy (1.1mi), Our Lady of the Gardens School (1.2mi), Great Expectations Learning Center (1.2mi), Roosevelt Junior High School (1.3mi),
Shopping
Exclusive fashions LLC (.09mi), Family Dollar #5445 (1mi), Foot Locker (1mi), Citi Trends (1mi), Living Word Bookstore (1.1mi), Dress To Impress (1.1mi), D2iChi (1.1mi), Toy Baby Inc (1.3mi), Kwik Mart (1.3mi), Stylish Clubwear (1.4mi), RPC Treasures Shopping Network (1.4mi), Family Dollar #6345 (1.4mi), Queen Elena Lingerie (1.6mi), Valley Treasures Bookstore (1.6mi), Players Deal Clothes (1.9mi), Consuming Fire Fashions Inc (1.9mi), GLAM Boutique (1.9mi), Beaute' Boutique Fashions (1.9mi), Denco's On Time (1.9mi), Coyne Textile Services (2mi), Signature Song Books (2mi), PerfectBodyBoutique (2.1mi), Connection Wear (2.2mi), Black Tie Formalwear (2.5mi),
Entertainment
Van Oostenbrugge Homestead (1.9mi), Primary Steel Terry McConnell (1.9mi), South Holland Historical Society (2.6mi), Citizens to Elect Wendy Casey for Village President of Dixmoor, IL (2.9mi), Church (2.9mi), Midwest Carvers Museum (2.9mi), Tony W. Kernagis Memorial House (3.2mi), Hotel Florence (3.7mi), The Pullman Park National Monument (3.7mi), Cinema 8 Lansing (3.8mi), Pullman Park National Monument (4mi), Calumet City Historical Society (4mi), Paul Henry's Art Gallery (4.4mi), Blue Island Olde Masonic Hall (4.4mi), Park (4.4mi), Imagination Station-Dramatic (4.5mi), Wax museum (4.7mi), Thornton Historical Society Museum (4.7mi), National A. Philip Randolph Pullman Porter Museum (4.7mi),
Errands
Standard Bank & Trust (.4mi), Kurt's Ace Hardware (.5mi), Dolton Riverdale Municipal Credit Union (.7mi), Sophia M. Collaros, RPH (1.2mi), Seado Enterprises (1.2mi), Shack Attack Van Lines (1.2mi), U.S. Bank Branch (1.3mi), Menards (1.4mi), Fbop Corp (1.4mi), Gold One Enterprises (1.4mi), CVS Pharmacy (1.4mi), Acme Continental Credit Union (1.5mi)
Demographics: 1 mile 3 mile 5 mile
Total population 12,835 104,441 289,041
Population growth 2010-2015 +0.48% +2.64% +1.39%
Average 2015 Household Income $60,912 $54,637 $53,722
Crime: Very Low (Trulia.com)
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Excellent investment potential:
Great capital appreciation and income potential once rehabbed:
Comparable retail- For Sale:
844 E Sibley Blvd, Dolton, IL 60419- 7,000 sq ft- $900,000
1101 E Sibley Blvd, Dolton, IL 60419 – 3700 sq ft - $799,000
Comparable Sold
14112 Chicago St, Dolton IL 60419- 10,880 sq ft- Sold Aug 2010- $800,000
Real Estate Taxes:
Tax parcel ID#: 29034030070000, 29034030080000, 29034030090000, 29034030100000, 29034030110000, 29034030120000
Taxes not paid since 2014.
PROPERTY IS SOLD AS IS, WHERE IS-
Buyer assumes all real estate back taxes, liens and encumbrances (if any). The buyer is responsible for the real estate tax redemptions.
Public records shows no recorded liens or code violations. Buyer is responsible for all real estate back taxes, tax redemptions
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000) and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment of balance and auction premium to be made within 1 week of the Auction close.
All bidders to do their due diligence. Buyer is responsible for checking the real estate tax amounts due and the exact tax redemptions dates directly with the county. There is a large amount of back taxes due. Back taxes not paid from 2014 .
Sold on a Quit Claim deed with buyer assuming taxes, liens and encumbrances so please do your due diligence BEFORE you bid. Escrow and deed preparation and recording to be handled by RDS Group, LLC, who will be emailing buyer within 24 hours of auction's close. Buyer must fund escrow for balances due as above or else may be declared in default.
No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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