1819 S State St Chicago, IL 60616
- Auto shops
- 7,300 SF
- 0.06 lot acres
Current Use by Public Records
- Auto shops
Property Details for 1819 S State St
- Year built
- 1912
- Lot size
- 0.06 lot acres
- Property size
- 7,300 SF
- Property type
- Auto shops
- APN
- 17-22-305-009
- APU
- 1722305009
Description
This exceptional investment opportunity presents a single-story brick building located at 1819-21-25 S State Street in Chicago, Illinois, 60616. The property boasts a substantial 9,316 square feet of space, perfectly suited for an auto shop or similar retail use. The building features a bow trust roof structure and benefits from excellent visibility with 80 feet of frontage on State Street, ensuring high traffic exposure. The property sits on a 9,316 square foot lot and is zoned DX-5, offering significant potential for various commercial uses. Its strategic location near the Wintrust Arena and McCormick Place, adjacent to Chinatown, provides unparalleled access to a large and diverse customer base. The 2023 real estate taxes totaled $60,341. This property represents a rare chance to acquire a well-positioned, established commercial building in a thriving Chicago neighborhood. The asking price is $1,600,000. This is a turnkey opportunity for an investor seeking a strong return in a high-demand area. The property's size, location, and zoning make it an ideal investment for a variety of commercial ventures.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $210,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $288,000
Market price range: $158k - $595k
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6268
- Latitude
- 41.8572
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
