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    3550 N Austin Ave Chicago, IL 60634

    New
    For Sale
    $199,000

    Business Opportunity - Chicago, IL

    Property size:
    6,000 SF
    Days on Market:
    4
    Last Refresh:
    Dec 4 at 11:06 pm

    Property Features for 3550 N Austin Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    00000000000000
    Size
    6,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 465-4200 License #471007186

    Listing date Dec 2, 2025

    MLS# 12525970 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Liquor and Food Store

    This is a business opportunity for a liquor and food store located at the intersection of Addison Street and Austin Avenue in Chicago, Illinois. The property benefits from a prime, high-traffic location with a traffic light and is surrounded by established neighboring businesses, including a Dunkin' Donuts with a drive-thru. The sale includes goodwill, fixtures, features, and equipment. The store's operating hours are from 10:00 a.m. to 10:00 p.m., Monday through Sunday. The current monthly gross rental amount is $3,900. The property is 6,000 square feet and zoned COMMR. This is an opportunity to take over a well-positioned business in a busy retail corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Happy nails Pk Nail Salon MAXS FOOD &LIQUOR Liquor Store Restaurante Azteca Jalisco Mexican Restaurant Bitcoin Depot ATM Atm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jewel-Osco

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7768306
    Latitude
    41.945387

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    FAQs

    What type of property is this?
    Grocery and convenience store - Liquor and food store business opportunity in Chicago, Illinois.
    Where is this grocery and convenience store located?
    The property is located at 3550 N Austin Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Prime high-traffic location at the intersection of Addison St. and Austin Ave.; - Includes goodwill, fixtures, features, and equipment.; - Surrounded by strong neighboring businesses, including a Dunkin Donuts with a drive-thru.
    (773) 465-4200
    Request Owner's contact information
    3550 N Austin Ave Chicago, IL 60634
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    Chicago, IL 60634
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3550 N Austin Ave Chicago, IL 60634
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