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9200 Commercial Ave Chicago, IL 60617

Sponsored
For Sale
$2,000,000

48,000 SF Storefront, Value-Add Opportunity

Property size:
48,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional value-add opportunity presents a 48,000 square foot storefront retail building located at 9200 S. Commercial Avenue in Chicago, Illinois, zip code 60617. The property, situated in the heart of a vibrant South Chicago neighborhood, enjoys a prime location just four blocks from Lake Michigan and offers convenient access to Chicago's downtown via public transportation. The building features seven retail units currently at 75% occupancy, including a dentist's office and a daycare center, providing a stable stream of existing rental income. Long-term tenants contribute to the property's consistent cash flow. The upper four floors of the mixed-use building present a significant value-add opportunity for renovation and lease-up, allowing for the creation of additional income streams by achieving market rents. This property has been under the same ownership for two decades, offering a unique chance to acquire a well-established asset with substantial upside potential. The asking price for this strategically located retail investment is $2,000,000. This corner location at 9200 S. Commercial Avenue provides excellent visibility and accessibility. The property's strong existing tenant base, combined with the potential for significant improvements to the upper floors, makes this an attractive investment for those seeking a high-return opportunity in a rapidly developing area of Chicago.

Property Features for 9200 Commercial Ave

General Information

Property type
Individual retail properties
Square Feet
48,000 SF

Property Profile Location Intelligence

Current Use by Public Records

Acceptance Insurance Auto Insurance Agency Premium Health Medical Clinic US Bank Mortgage Mortgage Broker US Bank ATM Atm U.S. Bank-Mortgage Loan ... Mortgage Lender

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.551676
Latitude
41.728083

FAQs

What type of property is this?
Individual retail property - 48,000 SF Storefront, Value-Add Opportunity
Where is this individual retail property located?
The property is located at 9200 Commercial Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,000,000.
More about this property
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