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Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12617586MLS Provider

500 Ashland AvenueChicago Heights, IL 60411

Commercial · 11,136 Sq. ft. | 1.10 Acres
$475,000 Active

500 Ashland Avenue Overview

Time on Site:
74 days
Visits:
0

The Ashland Building is a high-profile, corner 2-Story medical office with a full basement. White Miami brick masonry building with a large parking lot surrounding it on 3 sides. Over 1 acre of land is included in this magnificent opportunity. Currently, owner-occupied shows pride of ownership. Currently has 3 vacant spaces: 1st floor 1250sf mls #12636096 and 2nd floor 2100sf mls #12636103 and 650sf mls#12641529. Perfect for a new owner occupier can move in with income, as the owner will agree to a long-term lease-back for full occupancy. Perfect for 1031 investors or anyone looking to park cash into a nice, clean, and well-maintained investment building.

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500 Ashland Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 11,136
  • Price/Sq.ft. $43
  • Lot 1.10 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Gross
  • Gross Income: 280000
  • Gross Scheduled Income: 280000
  • Net Operating Income: 200000
  • Operating Expense: 80000

Building Information

  • Year Built: 1968

Business Information

  • Current Use: Commercial,Office,Medical/Dental

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Chicago Heights
  • Township: Bloom

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $60,985.00
  • Tax Year: 2024

General Information

  • Parcel Number: 32182050360000
  • Possible Use: Office
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 11136

General Information

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps
  • Flooring: Carpet, Tile, Varies
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 11000
  • Stories: 2

Unit Information

  • Unit SqFt.: 2000

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street,County Road,Public Road,State Road
  • Lot Size Acres: 1.1
  • Lot Size Dimensions: 200x240
  • Lot Size Square Feet: 47678
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Steel Siding
  • Roof: Membrane

General Information

  • Number Of Units Total: 6
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

500 Ashland Avenue Neighborhood

Community

60411 (Chicago Heights) Demographics

35
Median Age
1,786
Population Density (per sq. mile)
26%
College Educated
$49,281
Estimated Median Income
12,258
Estimated Total Home Owners
6,738
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

500 Ashland Avenue Monthly Cost

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$
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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

500 Ashland Avenue Market Data

Based on the last 30 days in this zip code

$248,386
Average List Price
$152
Average Price per Square Foot
32
Properties Sold
95
Average Days on Market
202
Properties for Sale
Calculations provided by Reliance Network

500 Ashland Avenue History

Date Event Value Agent
5/3/2026Source: MRED Status Change
Active
4/28/2026Source: MRED Price Reduction
$475,000 -20.8%
4/28/2026Source: MRED Status Change
Price Change
4/21/2026Source: MRED Status Change
Active
4/16/2026Source: MRED Added to Database
April 16, 2026