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$ 325,000
Est. payment | /mo
3,000 SqFt
$ 325,000
Est. payment | /mo
3,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $108
MLS Listing ID 12615865
Year Built 1961
Annual Tax Amount $6,214
Tax Year 2024
Lot Dimensions 30X125
Property Sub-Type Retail/Stores
Property Description
Income-Producing West Lawn Storefront with Value-Add Flexibility! Prime commercial investment opportunity in the West Lawn neighborhood of Chicago. This approximately 3,000 sq. ft. storefront is currently occupied by a convenience store tenant, providing immediate rental income. The space features a spacious retail area, private office, storage room, and separate men's and women's restrooms. The property includes 3 rear parking spaces and a furnace replaced approximately 7 years ago. Tenant is on a month-to-month lease, offering flexibility for investors or potential owner-users. Current rent is $1,850/month, with tenant responsible for gas, electric, water, and business insurance. Rent equates to approximately $7.40/SF annually, offering significant upside potential as market rents in area are much higher. Tenant has expressed a desire to remain in place and understands rent is below market and subject to increase. Property may be purchased individually or as part of a package with the adjacent 4017 W. 63rd St. (separate PIN), creating additional value and income potential. Located along the high-traffic 63rd Street corridor, this property benefits from strong visibility, steady foot traffic, and a well-established commercial presence. Sold as-is
Location
State IL
County Cook
Area Chi - West Lawn
Zoning RTAIL
Interior
Cooling Central Air
Flooring Vinyl
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by Giovanni Arenella of Century 21 Circle
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