2958 N Narragansett Ave Chicago, IL 60634
Property Features for 2958 N Narragansett Ave
General Information
- Standard status
- Active
- Lot size
- 0.26 Acres
Source:
Corcoran
Listing Agency: ALLURE REAL ESTATE Listing Agent: Adam Lenchner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Narragansett Avenue Commercial Opportunity
Located in Chicago's Montclare neighborhood, the property at 2958 N Narragansett Ave is a commercial asset situated on a corner, signalized site. The rectangular parcel spans 11,250 square feet (90 X 125) and features a one-story, 2,500-square-foot masonry and frame building constructed in 1942. The building is currently maintained in average overall condition. The property's highest and best use is its continued operation as a commercial development. The structure includes 16-foot clear ceilings in the shop area, two large overhead doors, dedicated small office space with separate climate control, and a fully fenced yard. Access is available from Narragansett, Wellington Avenue, and a rear alley with multiple curb cuts. Normal utilities, including sewer, water, gas, and electricity, are available. The commercial parcel offers an immediate land assembly opportunity with the adjacent residential income property at 2948 N Narragansett Ave, which is separately available for purchase. Consolidating both adjacent parcels creates a contiguous site totaling approximately 15,000+ square feet of land, offering estimated overall combined dimensions of 120 feet of frontage on Narragansett by 125 feet deep. The neighboring 2948 N Narragansett property is a complementary two-unit residential multi-family building totaling 2,837 square feet of gross building area, featuring recent updates and would generate an estimated $3,100 gross monthly market rent from its two units (a 1-bedroom garden unit and a 3-bedroom duplexed unit). This combined offering presents potential for an integrated commercial operation, expansion, or ground-up redevelopment.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
Montclare Auto Repair, Kraj Auto & Truck Repair Services, Brickyard Auto Repair, Zz- z, Top Motors Complete Auto Care
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7861593
- Latitude
- 41.9344487
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Commercial property with auto repair building on a corner lot.
Where is this auto shop located?
The property is located at 2958 N Narragansett Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: - High-visibility corner location on Narragansett Avenue.; - Land assembly opportunity with adjacent residential property for a combined 15,000+ sq ft site.; - Turn-key commercial structure with **16-foot clear ceilings, two overhead doors, and a fenced yard**, ideal for motor vehicle users.
