4,600 sq ft
Commercial: Retail/Stores - MLS# 12582502
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Description
Prime Investment Opportunity with Expansion Potential. Don't miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.
Features
- Property Type: Commercial
- Sub Type: Retail/Stores
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60621
- Year Built: 1914
- Sq.Ft.: 4,600 sq ft
- Stories: 1
- Units: 3 units
- # Of Tenants: 2
- Building Area Total: 4600
- Construction Materials: Brick
- Cooling: Central Air
- Directions: i-94 to 71st street, 71st street west to Parnell.
- Electric: Separate Meters
- Fire Protection: Fire Extinguisher/s
- Heat/Ventilation: Ceiling Units
- Information: Show-Special Instructions
- Investment (Y/N): Yes
- Leasable Area: 4600
- Lot Size Square Feet: 6250
- Main Type: Commercial Sale
- Min Avail Sq Ft (Rentable): 4600
- Property Offered: For Sale Only
- Roof Structure: Flat
- Tax Annual Amount: 26921.84
- Tax Year: 2024
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