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    2305 Chicago Ave Riverside, CA 92507

    Sponsored
    For Sale
    $1,850,000

    Prime Riverside location, 7,345 sq ft.

    Property size:
    7,345 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 2305 Chicago Avenue in Riverside, California (zip code 92507), presents a unique investment opportunity. Situated on the corner of Spruce Street and Chicago Avenue, this single-story building offers unparalleled visibility and curb appeal. The 7,345 square foot space features a remodeled interior with open office space, divided by half-walls, and currently configured with 12 desks. The layout includes 18 individual offices, two kitchens (without gas or dishwashers), and three ADA-compliant bathrooms. A large conference room provides ample space for meetings and presentations. Secure parking is a significant advantage, with 27 spaces, including two handicapped-accessible spots, all accessed via an automatic gate with remote and keypad entry. The property is zoned BMP, offering flexibility for a variety of commercial uses. This high-visibility location, combined with the substantial square footage and ample parking, makes this property an ideal investment for businesses seeking a prominent Riverside presence. The property is priced at $1,850,000.

    Property Features for 2305 Chicago Ave

    General Information

    Property type
    Land
    Square Feet
    7,345 SF

    HighLights

    • Prime Riverside, CA location at 2305 Chicago Avenue, 92507.
    • 7,345 SF single‑story building with high visibility and curb appeal.
    • Remodeled interior with open office space, 18 offices, 2 kitchens, and 3 ADA bathrooms.
    • 27 parking spaces, including 2 handicapped‑accessible spaces, with gated access.
    • BMP zoning allows for flexible commercial use.
    • $1,850,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    TKE Engineering Inc Engineering Consultant Renner Terry Civil Engineer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3488008
    Latitude
    33.9899665

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    FAQs

    What type of property is this?
    Land - Prime Riverside location, 7,345 sq ft.
    Where is this land located?
    The property is located at 2305 Chicago Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Prime Riverside, CA location at 2305 Chicago Avenue, 92507.; 7,345 SF single-story building with high visibility and curb appeal.; Remodeled interior with open office space, 18 offices, 2 kitchens, and 3 ADA bathrooms.
    Request Owner's contact information
    2305 Chicago Ave Riverside, CA 92507
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    Riverside, CA 92507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2305 Chicago Ave Riverside, CA 92507
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