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$ 300,000
Est. payment | /mo
3,500 SqFt
$ 300,000
Est. payment | /mo
3,500 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $85
MLS Listing ID 12393070
Year Built 1903
Annual Tax Amount $2,540
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
Prime Two-Story Retail Building with plenty of parking - Turn-Key Business Opportunity! Seize this incredible opportunity to own a beautifully renovated, mixed-use building in a high-traffic, highly sought-after location! This two-story gem offers endless possibilities for business owners and investors alike. The second floor has been tastefully renovated and sectioned into eight modern suites, 6 of which are already leased, generating 4,000 in monthly rental income, cap rate is an astonishing 15. The Pro Forma cap rate will be around 23 when you finish the first floor and put a tenant or two in there. Should be able to generate 2000 additional income per month. The first floor is a spacious, blank canvas spanning over 2,500 sq. ft., ready to bring your vision to life-whether it's more salon suites, a restaurant, cafe, boutique, office, or retail space. High ceilings, newer windows, modern fixtures, and stylish coverings create an inviting atmosphere for any business concept. Additional features include a newly built back porch, a huge basement and garage ideal for extra storage or parking. This property is a rare find with immense potential in a thriving area-don't miss your chance to make it yours! Schedule a viewing today!
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Oscar Estrada of eXp Realty
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