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957 N Drake Ave Chicago, IL 60651

For Sale
$325,000

Retail - Chicago, IL

Type:Retail
Property size:
3,360 SF
Days on Market:
16
Last Refresh:
Dec 6 at 12:06 pm

Property Features for 957 N Drake Ave

General Information

Property type
Commercial Sale
Property subtype
Retail
Standard status
Active
APN
16024160010000
Size
3,360 SF

Utilities

Cooling system
Central Air

Building Details

Year built
1900
Number of units
3
Flooring type
Tile
Architectural style
Other

Compass Real Estate

Listing agent Vanessa Smith (773) 466-7150

Listing date Nov 21, 2025

MLS# 12451066 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 Retail Building with Income

This commercial building, located at the corner of Augusta and Drake, offers a unique opportunity. The property includes three bathrooms, a garage space, and a fenced patio area. There is potential for three units, which must be verified with a zoning expert. One unit is currently rented to a convenience store tenant for $3000 per month, with the rent scheduled to increase to $3500 per month in January 2026. The lease term extends through May 2027. The zoning is RS-3 and has a zoning variance for the store, along with an active business license. The business license can be renewed as long as it doesn't lapse for six months. The remaining spaces are currently used by the owner for storage. The surrounding area is experiencing new construction and development, including a six-unit building across the street that is under contract and slated for renovation. The property is located blocks from Alexander Von Humboldt Park. The building has 3360 square feet of retail space. The vintage Coca Cola sign is excluded from the sale.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Drake Mart Grocery Store Mr. Brown Food ... Convenience Store

Suggested Use

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

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

Similar Places Nearby

Mid-Town Food Store, West Side Food Mart Inc, La Esmeralda Corp FRESH MARKET, Ecuadorian 🏬

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7148636
Latitude
41.8989918

FAQs

What type of property is this?
Grocery and convenience store - Commercial building with rental income and development potential.
Where is this grocery and convenience store located?
The property is located at 957 N Drake Ave Chicago, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: - Income-generating property: Convenience store tenant pays $3000/month, increasing to $3500/month in January 2026.; - Potential for three units (subject to zoning verification).; - Favorable location at the corner of Augusta and Drake, with significant new construction and development in the area.
More about this property
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