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$1,300,000
Est. payment /mo
11,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 11,400 sqft
Price per Sqft $114
MLS Listing ID 12670130
Year Built 1926
Annual Tax Amount $37,593
Tax Year 2025
Lot Dimensions 110X375
Property Sub-Type Retail/Stores
Property Description
Unlock the potential of this commercial building, currently operating as a successful convenience store in a prime, high-visibility location on bustling Racine Avenue. This versatile property offers an exceptional opportunity for investors seeking strong cash flow or owner-users looking to secure their own business location while benefiting from an established income-producing operation. Constructed with durable brick masonry, the property features a turnkey business with approximately $370,000 in inventory and approximately $150,000 in equipment included in the sale. The business has been successfully operating for seven years and has built a loyal, established customer base. The facility is equipped with surveillance cameras, multiple workstations, and restroom facilities, providing a functional and efficient operating environment. The site offers approximately 60 outdoor parking spaces, providing excellent accessibility and convenience for customers and employees. The property consists of one PIN and presents significant flexibility for continued retail use or future redevelopment opportunities permitted under its R2 zoning designation. Whether you are an experienced investor or an entrepreneur seeking a strategic location with immediate income potential, this property delivers outstanding value, versatility, and long-term upside. Don't miss this opportunity to acquire a proven business and income-producing real estate in a high-demand commercial corridor. Call today to schedule a private showing of this exceptional commercial property.
Location
State IL
County Cook
Area Chi - New City
Zoning RTAIL
Interior
Cooling Central Individual
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Roof Type Rubber
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by Telly Rayford of HomeSmart Realty Group