8804 Commercial Ave Chicago, IL 60617

This exceptional two-story, 12,000-square-foot building, situated on a 15,500-square-foot lot at 8804 S Commercial Ave in Chicago, IL 60617, presents a compelling redevelopment opportunity. Built in 1920, this solid brick structure features newer thermal pane windows, a recently updated roof and skylights, rolling retail shutters in front, and an electric gate at the rear. The building boasts approximately 6,250 square feet of open space on each of its two floors, plus a full basement for additional storage or use. A freight elevator is also included. The property is currently vacant, with an occupancy date of September 30, 2024. Zoned B1-2, it's located within Special Business Area 5, making it eligible for various grants including interior buildout, facade improvements, and security enhancements. Its prime location on Commercial Avenue, near flourishing businesses and the 87th Street Metra line (a 5-minute walk), offers excellent accessibility. The proximity to the new Quantum computing and Microelectronics Park project further enhances its investment potential. The building's versatility allows for a wide range of uses, from retail and restaurants to art galleries or other commercial ventures. Blueprints for a potential 25-booth incubator workspace with dining and kitchen areas are available. One loading dock is present, and the ceiling height is 13 feet. The asking price is $225,000. This is a multi-tenant building with two units.