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$500,000
Est. payment /mo
4,943 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 4,943 sqft
Price per Sqft $101
MLS Listing ID 12491158
Annual Tax Amount $11,800
Tax Year 2023
Lot Dimensions 99 X 101
Property Sub-Type Bus / Bus w/Real Est
Property Description
Investment / Industrial-Buyer Remarks - 4659 W Washington Blvd Opportunity knocks: 4659 W Washington is a corner lot (~ 10,000 sf) with ~ 4,943 sf of improvements, currently generating income via T & K Grill in the northwest portion of the lot and serving Chicago street food (burgers, cheesesteaks, rib tips, tacos, Italian ice) . The balance of the building is ready for build-out (auto / hand car wash, detailing, service) and includes a flexible meeting / office / support space. Zoned M1-2, this property is already positioned for light industrial, warehouse, distribution, business services, or hybrid uses. The zoning supports warehouse / distribution, business services, light manufacturing, equipment repair/parts, contractor shops, supply / parts operations, and other low-impact industrial uses (permitted under M1-2) rather than typical retail. 9,650 vehicles per day of pass-by traffic, the site offers excellent visibility and logistics access. For an investor or industrial operator, the strongest use cases are last-mile distribution / fulfillment / bulk storage, or retaining the restaurant arm while converting part or all of the facility into a small warehouse / distribution node. Keep the cash flow from the food operation while you phase in higher-margin industrial tenants. Key value drivers: Corner exposure + daily traffic = signage / branding advantage Built infrastructure and partial income reduce investment risk Zoning supports multiple industrial / business uses. Flex space allows back-office, design, management, or tenant support functions. If your buyer is thinking: "I want an industrial asset in Chicago, close to demand, with upside from conversion or dual use"-this property fits.
Location
State IL
County Cook
Area Chi - Austin
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
Roof Type Composition
Building
Dwelling Type Bus / Bus w/Real Est
Water Municipal Water
Structure Type Brick,Steel Siding,Wood
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Listed by Jeremie Buckley of Baird & Warner