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$ 1,250,000
Est. payment | /mo
11,000 SqFt
$ 1,250,000
Est. payment | /mo
11,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $113
MLS Listing ID 12326788
Year Built 1942
Tax Year 2022
Lot Dimensions 0.138
Property Sub-Type Mixed Use
Property Description
This versatile 11,000 SF commercial building presents an incredible opportunity in a prime Chicago location. Currently operating as a tax-exempt nonprofit, the property offers a range of potential uses, including event hosting, office space, and residential accommodations. The main level features a spacious banquet hall with a full-service bar and commercial kitchen, making it ideal for weddings, events, or dining operations. Upstairs, there are eight private offices and a large apartment suite, perfect for owner-occupants or additional rental income. Two dedicated parking spaces are included for added convenience. Originally built in 1942, the property is zoned B3-1, allowing for a variety of business and investment opportunities, whether for an owner-user, single-tenant, or multi-tenant setup. The roof is approximately 20 years old, with repairs completed 4-5 years ago, and the furnace, hot water heaters, and electrical systems were updated around the same time. Located on bustling Milwaukee Avenue, this high-visibility property offers endless possibilities for investors and entrepreneurs looking to maximize its potential. Don't miss this exceptional opportunity-contact us today for more details or to schedule a showing!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Brandon Loncar • Loncar Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States