# 14623 Waverly Avenue, Midlothian, IL 60445 > **TL;DR:** commercial, $259,000, built 1952. Est. $1,386/mo. Listed 60 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $259,000 | | Year Built | 1952 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 60 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,310 | | Estimated Insurance | $76 | | **Total** | **$1,386** | ## Property Highlights - Built in 1952 ## Description ### Agent Description ### **PRIME MIDLOTHIAN INVESTMENT & BUSINESS OPPORTUNITY** **Don't miss this opportunity!** Invest in an expansive **4,000-square-foot brick commercial building offering excellent visibility, functionality, and convenient access to major transportation routes. The property is currently ready for immediate occupancy**, providing an owner-user or investor with the flexibility to establish a business, expand operations, or reposition the property for a variety of permitted uses. The building features **three (3) overhead doors, with 12ft and 10 ft heights, a side drive, and front parking**, providing excellent functionality for businesses requiring loading, vehicle access, or additional parking. **Recent improvements add significant value**, including **upgrades to the electrical system and natural gas service**, as well as a newer roof, glass block windows, tuckpointing, and **framing that has been started for a new ADA-compliant bathroom**, allowing the next owner to continue the improvements and customize the space to meet their specific operational needs. The property is zoned **O/I - Office/Limited Industrial District**, offering a range of potential commercial and light industrial applications, subject to municipal approval. Potential uses may include **mini-warehouse/distribution, vehicle repair garage, light manufacturing, contractor-related operations, warehouse uses, and other office/industrial applications** Location is a major advantage. Situated in **Midlothian with convenient access to I-57, I-294, 147th Street, and Metra**, the property provides an excellent strategic location for businesses serving the south suburban Chicago market. **Whether you are an owner-user seeking an affordable commercial facility or an investor looking for a versatile property with upside potential, this 4,000-square-foot Midlothian opportunity deserves your attention.** ## Location - **Address:** 14623 Waverly Avenue, Midlothian, IL 60445 - **County:** Cook ## Listing Agent - **Name:** Michael Galvan - **Brokerage:** Baird & Warner Real Estate - **Broker Phone:** 7084601400 ## Photos ![14623 Waverly Avenue - Photo 1](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f1927262850r.jpg) ![14623 Waverly Avenue - Photo 2](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f1337088558r.jpg) ![14623 Waverly Avenue - Photo 3](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f3054170290r.jpg) ![14623 Waverly Avenue - Photo 4](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f4193375360r.jpg) ![14623 Waverly Avenue - Photo 5](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f2706827864r.jpg) ![14623 Waverly Avenue - Photo 6](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f1336593502r.jpg) ![14623 Waverly Avenue - Photo 7](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f2684349873r.jpg) ![14623 Waverly Avenue - Photo 8](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f1538777453r.jpg) ![14623 Waverly Avenue - Photo 9](http://lh.rdcpix.com/e4c7833db2e4744be581e398750cd68al-f2421206771r.jpg) --- **MLS#:** 12749342 | **Updated:** 2026-10-19 **Source:** listhub *Copyright © 2026 Baird & Warner Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/14623-waverly-avenue-midlothian-il-60445-638249a3dacc4ea1b9d7c80eb85128ec) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/14623-waverly-avenue-midlothian-il-60445-638249a3dacc4ea1b9d7c80eb85128ec#listing", "url": "https://www.propertysimple.ai/listing/14623-waverly-avenue-midlothian-il-60445-638249a3dacc4ea1b9d7c80eb85128ec", "name": "14623 Waverly Avenue, Midlothian, IL 60445", "description": "### **PRIME MIDLOTHIAN INVESTMENT & BUSINESS OPPORTUNITY** **Don't miss this opportunity!** Invest in an expansive **4,000-square-foot brick commercial building offering excellent visibility, functionality, and convenient access to major transportation routes. 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