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Listed by Robert Waldschmidtof Berkshire Hathaway HomeServices Chicago
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Est. payment | /mo
5,750 SqFt
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Est. payment | /mo
5,750 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
MLS Listing ID 12506614
Year Built 2014
Annual Tax Amount $11,476
Tax Year 2024
Lot Dimensions COMMON
Property Sub-Type Retail/Stores
Property Description
Perfect commercial condo opportunity for an investor or owner/occupier. The unit is already nicely built out and currently tenanted with a well loved pilates studio (note photos are from prior tenancy). B1-2 zoning which permits a variety of retail uses. Tenant pays $3,150 / month until 10/31/26 and $3,200 / month between 11/01/26 - 10/31/27. There is an option to renew for an additional 3 years at 5 per cent more than the prior year. Tenant pays for all expenses other than Mortgage, Property Tax and HOA. Low HOA fees currently $85.90 per month. Benefits of successful property tax appeal start from 2nd installment of 2025 property taxes.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Others
Virtual Tour https://smartfloorplan.com/il/v504246/player.pl
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2600 S. Michigan Avenue, Suite 102, Chicago, IL 60616, United States