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Listed by Aladdin Sheloof HomeSmart Realty Group
$399,000
Est. payment /mo
4,600 SqFt
Active
514 W 71st Street Chicago, IL 60621
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Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $86
MLS Listing ID 12582502
Year Built 1914
Annual Tax Amount $26,921
Tax Year 2024
Lot Dimensions 125x50
Property Sub-Type Retail/Stores
Property Description
Prime Investment Opportunity with Expansion Potential. Don't miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Patrick Clarke
Broker | License ID: 471.007683