Multi-Use Commercial
8519 S Commercial Ave Chicago, IL 60617
8519 S Commercial Ave, Chicago, IL, 60617
$135,000
For Sale
$135,000
Zoned C2-2 with interior space and a fully permitted, leased commercial sign generating nearly $2,000 annually.
Property Size1,388 SF
Lot Size0.07 Acres
Price / SF$97.26
Days on Market241
Property Features for 8519 S Commercial Ave
General Information
- Standard status
- Active
- Size
- 1,388 SF
- Lot size
- 0.07 Acres
- Property subtype
- Business Opportunity
Listing agency
Montalbano & Associates
(312) 593-7629
Listed by
Michael Montalbano · License #471001852
(312) 593-7629
Source
Exprealty
Added: Nov 22, 2025 Updated: Jul 20 at 4:43PM Checked: Jul 20 at 4:43PM
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 Montalbano & Associates
Investment Insights
Based on property information with market context.
For sale: a multi-use commercial property offering approximately 1,388 sq. ft. of interior space on a 3,125 sq. ft. lot. The property is zoned C2-2, which allows for warehousing, liquor stores, auto shops, retail office, or multi-use conversion.
Also included is a fully permitted and leased commercial sign valued at $100,000, currently generating nearly $2,000 in yearly income. Located at 8519 S Commercial Ave in the South Chicago Corridor, the site is positioned for a range of C2-2 uses, depending on the buyer’s intended operating plan.
Also included is a fully permitted and leased commercial sign valued at $100,000, currently generating nearly $2,000 in yearly income. Located at 8519 S Commercial Ave in the South Chicago Corridor, the site is positioned for a range of C2-2 uses, depending on the buyer’s intended operating plan.
Key Highlights
- Commercial property with 1,388 SF interior space on a 3,125 SF lot
- Zoned C2‑2, allowing warehousing, liquor stores, auto shops, retail, office, or multi‑use conversion
- Includes a fully permitted, leased commercial sign valued at $100,000
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.1k | $9.43 |
| − Vacancy | −$720 | −$0.52 |
| EGI | $12.4k | $8.91 |
| − OpEx | −$1.9k | −$1.34 |
| NOI | $10.5k | $7.57 |
1,388 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$274.3K
$240.0K – $320.1K
NOI $19,203 @ 7.0% cap · market cap 14.22%
Second Best
Warehouse
$150.2K
$131.4K – $175.2K
NOI $10,514 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$654.4K
$572.6K – $763.5K
NOI $45,811 @ 7.0% cap · market cap 33.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Zoned C2-2 with interior space and a fully permitted, leased commercial sign generating nearly $2,000 annually.
Where is this warehouse located?
The property is located at 8519 S Commercial Ave Chicago, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Commercial property with 1,388 SF interior space on a 3,125 SF lot; Zoned C2‑2, allowing warehousing, liquor stores, auto shops, retail, office, or multi‑use conversion; Includes a fully permitted, leased commercial sign valued at $100,000
