7532 Addison St Chicago, IL 60634
- Neighborhood centers
- 10,980 SF
- 0.52 lot acres
Current Use by Public Records
- Addison Liquor / Liquor Store
- RockItCoin Bitcoin ATM / Crypto Atm
Property Details for 7532 Addison St
- Year built
- 1930
- Lot size
- 0.52 lot acres
- Property size
- 10,980 SF
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
This exceptional 10,980 square foot mixed-use building, located at 7532 W Addison St in Chicago's Belmont Heights neighborhood, presents a compelling value-add investment opportunity. Boasting over 230 feet of street frontage on busy West Addison Street, this property features 11 units (potential), ideal for multi-tenant occupancy. Currently operating at 100% occupancy with a modified lease structure, the building sits on a 0.52-acre lot providing ample rear parking for 24 vehicles. Constructed in 1930, the single-story building is zoned B1-1 and offers significant potential for future development. The property's prime location offers easy access to the Kennedy Expressway (I-90) and is within walking distance of CTA bus stops. While a separate entity, the potential for future passive income exists from a nearby cell tower expansion. This property represents a rare chance to acquire a well-positioned, multi-tenant commercial building in a thriving Chicago neighborhood. The asking price is $885,000, translating to $80.60 per square foot. The property includes APNs 12-24-225-028-0000, 12-24-225-026-0000, 12-24-225-025-0000, and 12-24-225-027-0000.
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
- -87.8156
- Latitude
- 41.9451
