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Freestanding Mixed-Use Building For Sale
For Sale
$550,000

3011 N Austin Avenue, Chicago, IL 60634

Mixed-use building in Belmont Cragin with office and retail potential.

Property SizeContact for details
Days on Market463

Property Features for 3011 N Austin Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $18,577

Building Details

Year Built 1932
Listing Agency: @PROPERTIES COMMERCIAL
Listed By: MICHAEL LEVIN · License #475123263
Source: Corcoran
Added: May 15, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @PROPERTIES COMMERCIAL

Investment Insights

Based on property information with market context.

This freestanding masonry building in the Belmont Cragin neighborhood of Chicago presents a mixed-use opportunity. The building, with RS-3 zoning, is currently configured for a Painters Fraternal organization and is well-maintained, featuring high-security entrance doors and cameras. The building spans 4082 square feet on a 7455 square foot lot with frontage on Austin Avenue. The first floor includes an open reception area and foyer, two office rooms, two bathrooms, a utility room, and two storage rooms. A kitchen and a wide-open multipurpose special event meeting hall with a stage and high ceilings are also featured, offering reconfiguration possibilities. The offices have window visibility. A large rear parking lot accommodates 12 cars. The building is equipped with a 200+ amp electrical system and is wired for computer networks. This property is suitable for various commercial uses, including office, retail, professional or medical practices, light assembly, hospice care, medical center, surgical center, dental or podiatry clinics, law firms, insurance agencies, technology companies, financial trading firms, real estate offices, accounting firms, or investment purposes. Redevelopment of the parcel is also a possibility. Approximately 10,900 vehicles pass this location daily on Austin Avenue.

Key Highlights

  • Freestanding 4082 sq ft commercial building with mixed‑use potential.
  • Large 7455 sq ft lot with ample rear parking for 12 cars.
  • High‑traffic location with 10,900 vehicles per day (VPD) on Austin Avenue.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Nursing Home Skin Care Clinic Tech Support Center Garden Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,531
Businesses Nearby

Demographics for 60634, IL

75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building in Belmont Cragin with office and retail potential.
Where is this mixed-use property located?
The property is located at 3011 N Austin Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Freestanding 4082 sq ft commercial building with mixed‑use potential.; Large 7455 sq ft lot with ample rear parking for 12 cars.; High‑traffic location with 10,900 vehicles per day (VPD) on Austin Avenue.
More about this property
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