This property is a fantastic investment opportunity for those seeking a value-add property in the highly sought-after Jefferson Park neighborhood. The building comprises three retail units with a total of approximately 4, 500 square feet. The property is located in a prime location at the corner of Milwaukee Ave. & Lawrence Ave. with high foot and car traffic, next to the METRA & CTA Station, providing easy access to both highways I-90 & I-94. Currently vacant, the property can be converted to a single large retail space or a large office. The seller has drawings ready for the re-development of the property into a 19, 114 square foot mixed-use multifamily building with 9 units, all 3 bedrooms plus 2 retail spaces. The property is also ready for build-to-suit construction for those seeking new construction options. The property offers a wide range of possible uses, including a medical office, liquor store, trophy store, real estate broker, lawyer or title company, bridal store, home supply store, barber, nail salon, massage therapist, bike repair and sale store, music equipment and service store, learning center, Starbucks-type coffee bar, shoe store, sport accessory specialty store, any type of franchising that needs exposure, and insurance finance advisory office. The property is suitable for both owner-user and investor. It has 12 parking spaces and a full basement, which provides ample storage space. The building's location and high traffic make it an ideal location for retail stores or offices. Investment highlights include the property's high traffic location, apartments, 14100 VPD, B3-2 zoning, 12 parking spaces, value-add potential, re-development opportunities, mix-use multifamily, retail store/office, and commercial property. Don't miss out on this incredible opportunity to own a prime commercial property in a highly desirable neighborhood. The purchase price for this property is $999, 000, and the net operating income will depend on the chosen use and occupancy rate.

Listing Courtesy of MRED as distributed by MLS Grid of Arc Red Inc Arc Realty Group 773-236-6943



Based on information submitted to the MLS GRID as of 2023-06-04 08:30 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.
Data last updated: 2023-06-04 08:30 AM UTC
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