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Listed by Nha Leof Century 21 Circle
$ 499,000
Est. payment | /mo
6,300 SqFt
$ 499,000
Est. payment | /mo
6,300 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $79
MLS Listing ID 12597834
Year Built 1954
Annual Tax Amount $42,800
Tax Year 2024
Lot Dimensions 100x125
Property Sub-Type Retail/Stores
Property Description
Owner retired - motivated sale! Excellent investment or owner-user opportunity in Chicago's desirable Chatham business district. This one-story greystone and brick commercial property features six retail storefronts with strong visibility and 100 feet of frontage along busy Cottage Grove Avenue. The property is currently income-producing with four established tenants in place. Two stores are vacant. Tenants are responsible for all utilities except water. The rear of the property provides ample parking with 12+ spaces, a valuable amenity for both tenants and customers. There are 4 separate pin numbers. With some TLC and the right management from a savvy business owner, this property has the potential to generate substantial income. Sold "as is" condition. The building needs new roof!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States