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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12302433
Year Built 1886
Annual Tax Amount $4,500
Tax Year 2022
Lot Dimensions 25 X 238
Property Sub-Type Mixed Use
Property Description
* Prime Commercial Property in the vibrant Pilsen community. * This property consists of four generous size residential Artist Space presently but, the first floor expansive 3100 SQ feet space with floor to ceiling window facing Ashland Avenue with contiguous floor leading to Marshfield Avenue's loading dock, is a unique feature of this property with approximately same size basement loft at the intersection that boasts an Average Daily Traffic (ADT) count of nearly 36,000 vehicles-a major advantage for any local business. * Enhanced Logistics & Deliveries. * Proximity to Major Landmarks & Employers * Just minutes from Chicago's Medical District, the University of Illinois at Chicago (UIC), FBI Headquarters, Rush University Medical Center, the National Museum of Mexican Art, and Thalia Hall-a historic live music venue that draws both locals and visitors with top-tier performances. * Strong Investment Opportunity * Offering a double-digit CAP rate, driven by steady cash flow and significant appreciation potential. * Unmatched Accessibility * A commuter's delight, located at the intersection of 18th St. And Ashland Ave., with bus stops within walking distance and the Pink Line train station just a short walk away. * High Foot & Vehicle Traffic * This highly accessible location ensures consistent foot traffic and remarkable commuter convenience. With a powerful zoning: C1-2 * Investors will appreciate the versatile commercial use, accommodating tenants such as: national retailers * Coffee shops, restaurants, salons. * Artist live/work spaces * Universities, daycare centers, veterinary clinics * Urban farming, banquet halls, insurance agencies * Banks, financial services, bed & breakfasts, vacation rentals * Medical offices, data storage, auto supply stores * Motorcycle/boat sales, artisan industrial businesses * Laundromats/dry cleaning services * Wholesale operations, freight & warehousing * Wireless communication facilities and more! * Additionally, apartments are permitted above the ground floor, with over 5, 000 square feet of divisible residential space currently in use. * Strategic Location & Convenience * Costco is just two minutes away * Super easy access to I-290, I-55, and I-90/94 * Immediate convenience, cashflow, & long-term value * Invest in a strong, thriving community with a bright future. Motivated seller, aggressive price reduction.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning OTHER
Interior
Cooling Exhaust Fan
Fireplace N
Exterior
Utilities Available Water-Municipal
Building
Dwelling Type Mixed Use
Level or Stories 2
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Listed by Roberto Montano • Engel & Voelkers Chicago
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Sarah Leonard
Broker | Owner