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$ 699,000
Est. payment | /mo
2,900 SqFt
$ 699,000
Est. payment | /mo
2,900 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $241
MLS Listing ID 12543649
Year Built 1985
Annual Tax Amount $13,629
Tax Year 2023
Lot Dimensions 29X125
Property Sub-Type Retail/Stores
Property Description
A rare, turnkey opportunity to own a corner storefront in a growing North Park community. This meticulously maintained single-story commercial building showcases a level of investment and craftsmanship that is increasingly hard to find. The current owners spared no expense in creating a space that was both functional and provided opportunity for a wide variety of business uses. Major systems have been thoughtfully upgraded, including central HVAC (dual system), new electrical complete with sconces, chandeliers and track lighting; new plumbing and tankless water heater, masonry, new lintels and glass doors, and polished concrete flooring. The finished design of the space includes new drywall, 2" foam insulated ceiling, interior and exterior paint, custom retro style tile, new kitchen cabinets and (ADA compliant) bathroom fixtures - all allowing the next owner to step in with confidence. The approximately 2,900 SF layout offers exceptional versatility and can easily be configured as one cohesive space or multiple units. Both ideal for an owner-user seeking additional income or a fully leased investment strategy. In addition to the main space, there is also a private rear room with direct access to two parking spaces, perfectly suited for a workshop, studio, storage, or BOH operations. The 13'3" ceilings create an airy, light-filled environment. The B3-2 zoning allows for a myriad of uses by right. And the property is further positioned for long term value growth, with a proposed high-end residential redevelopment underway two doors down. There are potential lease agreements in discussion, providing immediate income opportunities while still preserving flexibility for an owner-occupant, or the option to lease the entire building as a strong standalone investment. A special, highly adaptable property that truly goes beyond in quality, condition, and potential.
Location
State IL
County Cook
Area Chi - North Park
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by Michelle Schroeder of Berkshire Hathaway HomeServices Chicago
Helping buyers and sellers move with convidence