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Serene Realty, Inc

info@serenerealtyinc.com +1(312) 650-7940

$ 500,000

Est. payment | -/mo

4,943 SqFt

Save

$ 500,000

Est. payment | -/mo

Save

4,943 SqFt

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

Listed by Jeremie Buckley of Baird & Warner

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL 60616, United States

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4659 W Washington BLVD Chicago, IL 60644