2044 W. 163rd St.

2044 W. 163rd St. Markham, IL 60428

Property Type:
Last Verified:
Jun 23, 2022


  • Property Type: Flex
  • Current Use: Light Industrial and Commercial
  • GBA: 30,000 SF
  • Lot Size: 2.07 AC
  • Zoning: L-1 (Light Manufacturing)
  • Distance from I-294: 1 Mile
  • Distance from I-80: 2 Miles
  • Parking Spaces (Surface): 200
  • Truck Bays: 14
  • Door Height: 15 Ft
  • Clear Height: 14 Ft
  • Pin: 29-19-131-003, 29-19-131-009
  • Taxes (2020): $103,378.15


2044 W 163rd St is a 30,000 SF freestanding flex property located in Markham, IL. Boasting brick foundation and siding exteriors with 14 truck doors, the subject property’s L-1 zoning allows for light manufacturing and other light industrial uses. The subject property is currently fully occupied with a mix of industrial and commercial tenants, exemplifying the flexibility of the subject property. It’s well-positioned logistically in a prime location in Markham's large industrial corridor; I-80, I-294 the CN Chicago Intermodal Terminal and the new 800,000 SF Amazon facility are all less than two miles away. 2044 W 163rd is also located directly west of a residential area, generating plenty of commercial traffic. The property provides significant parking for all current and future tenants of the building. The property will work well for owner/users and traditional investors alike.

This property is located on the northern end of Markham's largest industrial site. In between the intermodal railyard and the I-294 & I-80, this location offers plenty of accessibility for commercial/ industrial operations. Additionally this is about 2 Miles from where the I-294 and I-80 highways merge. Furthermore, the subject property is located just off a large residential pocket which provides plenty of traffic to the retail store fronts.

Building Size: 30000sq ft
Lot Size: 2.07 acres


Property Brochure

Map of 2044 W. 163rd St., Markham, IL, 60428

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.