2948-2958 N Narragansett Ave Chicago, IL 60634
Operating tow yard, income property, and industrial yard for sale.
Property Features for 2948-2958 N Narragansett Ave
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agency: ALLURE REAL ESTATE Listing Agent: Cecil Sabu
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Chicago Portfolio: Tow Yard and More
This offering presents a rare opportunity to acquire an operating tow yard business along with a multi-site Chicago real estate portfolio, encompassing three distinct properties. The portfolio includes a commercial site and adjacent income-producing two-flat located at 2958 N Narragansett Ave and 2948 N Narragansett Ave in Montclare, as well as an industrial yard at 11629 S Green St in West Pullman. The Montclare commercial parcel, situated on a signalized, high-traffic corner, totals approximately 11,250 square feet and features an approximately 2,500-square-foot one-story masonry/frame building suitable for automotive or heavy commercial use. It boasts 16-foot clear ceiling heights, two oversized drive-in doors, a climate-controlled office, a fully fenced yard, and multiple access points, along with full utilities. The adjacent two-flat building features two units: a 3-bedroom duplex and a 1-bedroom garden unit, generating an estimated $3,100 per month in gross market rent. Premium finishes include granite/marble surfaces, heated bathroom floors, luxury shower features, central A/C, hot water baseboard heat, tankless water heater, deck space, and a detached 2-car garage. The combined Narragansett parcels provide approximately 15,000+ square feet with 120 feet of frontage, corner visibility, and redevelopment/expansion potential. The West Pullman industrial yard, zoned M2-1 Light Industry, includes an approximately 8,525-square-foot one-story masonry industrial building on a 51,563-square-foot fenced site, ideal for secure storage or parking. Improvements include approximately 18-foot clear ceilings, two overhead doors, ceiling-hung heat, and an office area with gas forced air and central A/C, plus a kitchen and two bathrooms. Utilities are available, and the site is located in FEMA Zone X. Excellent regional access is provided via I-57 and nearby Halsted routes. This portfolio is ideal for owner-users or investors seeking business and real estate, income, and industrial/commercial flexibility.
Location Intelligence
Current Use by Public Records
Truck stops
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7861539
- Latitude
- 41.9342839
Nearby Similar for Sale
FAQs
What type of property is this?
Truck stop - Operating tow yard, income property, and industrial yard for sale.
Where is this truck stop located?
The property is located at 2948-2958 N Narragansett Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - Operating tow yard business and multi-site Chicago real estate portfolio with appraised value of $3,500,000.; - **High-visibility commercial corner location** on Narragansett Avenue with approximately 11,250 SF parcel, featuring a 2,500 SF building.; - Income-producing, fully renovated two-flat building generating an estimated $3,100/month gross market rent.
