$1,199,000
Price
/
Lot Size / Acres

Description

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...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.
  1. Listed by Ruben Vallejo • Village Realty, Inc.
    P: (708)-560-3499 ruvallejo18@gmail.com; ruben@vrsrealty.com

Property Details for 25 East 16th Street

Area
Chicago Heights
Township
Bloom
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
COMMR
LISTING UPDATED: 10/13/2025 12:07 AM

Property Details for 25 East 16th Street

StatusActive
MLS #12490127
Days on Market140
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size-
CountyCook County

Location

Listing Courtesy of Village Realty, Inc.
Add your commute

Payment Calculator

$5,925 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,925

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 25 East 16th Street

General Information
School Information
  • Elementary School District: 170
  • High School District: 206
  • Middle Or Junior School District: 170
Location and General Information
  • Frontage Length: 508
  • Frontage Type: City Street, Public Road, Paved
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electricity Available, Natural Gas Available, Water Available
Property/Lot Information
  • Lot Size: 1.0-1.99 Acres
  • Lot Dimensions: 508X233X100X124X220X110X155X97
  • Approx Land Sq Footage: 65560
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: School Bus Service,Commuter Bus
Property and Assessments
  • Possible Use: Commercial, Office, Retail
  • Public Document Count: 1
  • Document Date: 2025-10-07T17:49:40
  • Photos Count: 13
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Corner,Mixed Use Area
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 25 East 16th Street

DateEvent & SourcePriceAppreciation
Oct 7, 2025

Listed (Active)

MRED #12490127

$1,199,000
Oct 1, 2025

Listed (Active)

MRED #12485605

$1,199,000
Dec 31, 2024

Expired

MRED #12076839

$1,199,000
Aug 5, 2024

Temporarily Off Market

MRED #12076839

$1,199,000
Jun 6, 2024

Listed (Active)

MRED #12076839

$1,199,000
Mar 31, 2024

Expired

MRED #11883529

$1,199,000
Sep 12, 2023

Listed (Active)

MRED #11883529

$1,199,000
May 31, 2023

Expired

MRED #11419333

$1,199,000
Feb 9, 2023

Listed (Active)

MRED #11419333

$1,199,000
Jun 28, 2022

Temporarily Off Market

MRED #11419333

$1,199,000
May 31, 2022

Listed (Active)

MRED #11419333

$1,199,000
DateEvent & SourcePrice
10/07/2025

Listed (Active)

MRED #12490127

$1,199,000
10/01/2025

Listed (Active)

MRED #12485605

$1,199,000
12/31/2024

Expired

MRED #12076839

$1,199,000
08/05/2024

Temporarily Off Market

MRED #12076839

$1,199,000
06/06/2024

Listed (Active)

MRED #12076839

$1,199,000
03/31/2024

Expired

MRED #11883529

$1,199,000
09/12/2023

Listed (Active)

MRED #11883529

$1,199,000
05/31/2023

Expired

MRED #11419333

$1,199,000
02/09/2023

Listed (Active)

MRED #11419333

$1,199,000
06/28/2022

Temporarily Off Market

MRED #11419333

$1,199,000
05/31/2022

Listed (Active)

MRED #11419333

$1,199,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 25 East 16th Street

Taxable ValueLand-Additions-Total-
Home Facts
Lot Size6,200 SqFtStyleGovernmental / Public UseYear Built1973CountyCOOKAPN32-20-416-020

Schools near 25 East 16th Street

This home is within Bloom Twp Hsd 206 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Washington-Mckinley Elementary School
PublicPK to 5

Chicago Heights Middle School
Public6 to 8

Bloom High School
Public9 to 12

Dist 206 Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

25 East 16th Street is a nullac of land for sale in Chicago Heights, IL 60411. This property was listed for sale on October 7, 2025 by Village Realty, Inc., it's currently listed at $1,199,000. This listing's school districts are Chicago Heights School District 170, Bloom Twp Hsd 206 School District. Nearby schools include Washington-Mckinley Elementary School, Chicago Heights Middle School and Bloom High School. 25 East 16th Street is a 0-bed, 0-bath, nullac of land.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Village Realty, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/13/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.