1640 Fullerton AveChicago, IL 60614

Property Details for 1640 Fullerton Ave

Year built

1952

Lot size

0.29 AC

Property size (Sq ft)

3,400 SF

Property type

Retail properties

Property subtype

Banks

APN

14-30-400-061

APU

1430400061

Description

This exceptional redevelopment opportunity presents a vacant, two-story, 5,274 square foot retail building situated on a 12,310 square foot lot at 1640 W Fullerton Avenue in Chicago, Illinois (zip code 60614). Built in 2004, this Class B property boasts a convenient drive-thru facility and 11 parking spaces, ensuring ample accessibility for future tenants. The building's previous use as a bank and convenience store provides a versatile layout featuring eight offices, a conference room, break room, bathrooms, and a passenger elevator. Its prime corner location offers excellent visibility and signage opportunities, further enhanced by its proximity to the high-traffic intersection of I-90/I-94 (just 0.5 miles away). The property is zoned M1-2 and is located within an Enterprise Zone, potentially offering significant tax advantages. The asking price for this vacant, value-add investment is $5,500,000. The Cook County Assessor's Parcel Number (APN) is 14-30-400-061-0000. This property presents a unique chance to capitalize on a high-traffic location and create a thriving retail space. The building's existing infrastructure and convenient amenities provide a solid foundation for a variety of redevelopment projects. The property is ADA accessible.

• CAP approach

  CAP return

  Valuation

  6%

  $1,606,215

  6.5%

  $1,482,660

  7%

  $1,376,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,115,982

  Geo Method

  $1,115,982

• Alternative Use

  Use

  Valuation

  Residential

  $1,250,679

  Hospitality

  $1,145,615

  Educational

  $953,138

  Medical

  $985,918

  Retail

  $1,482,660

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9254

Longitude

-87.67

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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