3135 Clybourn Ave Chicago, IL 60618
- Retail properties
- 15,625 SF
Current Use by Public Records
- Retail properties
Property Details for 3135 Clybourn Ave
- Property size
- 15,625 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 15,625-square-foot commercial property at 3135 N Clybourn Ave in Chicago, IL, presents a compelling redevelopment opportunity. Currently configured as a multi-tenant building with an auto shop and storefront, it offers significant potential for various uses. The property is zoned for commercial use and boasts a prime location on busy Clybourn Avenue, surrounded by new multi-family and retail developments. The asking price is $4,200,000, translating to $268.80 per square foot. The existing building comprises one story and includes two units within a single building. Currently, one tenant occupies 9,375 square feet, and the owner occupies 3,125 square feet, operating a dry cleaning business. Tenants pay base rent plus NNN charges. The lease for the current tenants expires May 1, 2025, leaving approximately 0.4 years remaining. Beyond the main building, the property includes a residential apartment and garage used by the current owner, along with ample parking. A 5,000-square-foot parking lot is adjacent to the building, and an additional triangular parking area is located behind it. The 21,875-square-foot lot provides substantial space for expansion or redevelopment. This property is ideal for owner-occupants seeking a versatile space or developers envisioning multi-family or retail projects. The site plan provides further details on the property's layout and potential. This is a rare opportunity to acquire a well-located, sizable commercial property in a rapidly developing area of Chicago.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6872
- Latitude
- 41.9388
