Incredible opportunity for investors seeking versatile office space or the potential to convert into a mixed-use property. This all-brick building, situated on a 25x120 lot, offers approximately 6K+ sq. ft of usable space across its main and upper floors (does not include basement). Favorably zoned as B1-2 zoning, providing Incredible opportunity for investors seeking versatile office space or the potential to convert into a mixed-use property. This all-brick building, situated on a 25x120 lot, offers approximately 6K+ sq. ft of usable space across its main and upper floors (does not include basement). Favorably zoned as B1-2 zoning, providing investors with the ability to convert building to a mixed building (residential and commercial), potentially add another floor, and allow for commercial space (i.e., retail, coffee shop) making this property even more attractive for future development. Prime Location: High foot traffic area near the corner of Chicago Avenue and Noble Street. Across from Lush Wine bar, Five Star, and less than a mile away from the new Bally Casino. Less than 1/2 mile from the Chicago Blue Line station/ Major bus stops just steps from the entrance. If you're looking to relocate your business, lease out office space, or embark on a redevelopment project, this property provides options and in a great location. Existing Building Highlights: i) Well renovated office space providing over 6K+ square ft allowing any investor with the ability to lease the space day 1 post ownership ii) Bathrooms: Equipped with 2 half-baths and 1 full bath on the second floor for added convenience iii) Security Features: Building equipped with key card access throughout the space, providing safe and secure access, as well as camera security system, iv) Additional Space: Includes a usable basement level for storage or potential build-out, not included in the 6K+ sq. Ft of useable space between the main and upper floors; v) Furniture & Electronics: The owner is open to negotiating the sale of furniture and electronics currently in the building. Building includes Wire/wireless data network, vi) Potential Parking: Space is currently being used as enclosed storage/IT room but can be converted to a 2 tandem parking (up to 4 cars total) or more depending on how the investor looks to utilize the rear of the building, vii) Prime For Multi-Unit Conversion: Upper floor can be converted to rental units, and back end of the building can accommodate heated enclosed parking. Additionally, the main floor can be used for retail space in a high traffic area on Chicago Avenue. Please Note taxes have been reassessed on the property for 2024 and annual taxes are expected to be ~36K for the full year.

Listing Courtesy of MRED as distributed by MLS Grid of Mark Allen Realty ERA Powered



Based on information submitted to the MLS GRID as of 2025-04-22 02:53 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-04-22 02:53 AM UTC
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