2863 Cermak Rd Chicago, IL 60623

This exceptional Chicago investment opportunity presents a prime retail space at 2863 W Cermak Road, located in the vibrant Little Village neighborhood (zip code 60623). The property boasts a total of 4,074 square feet, encompassing a retail storefront and additional land totaling 2,976 square feet. Currently, the retail space is leased to a reliable tenant under a contract extending until December 2025, providing a consistent income stream for the investor. The property was previously enhanced by two residential units, each featuring two bedrooms and one bathroom. These units are currently occupied by the sellers and will be vacant upon closing. The asking price for this property is $485,000. The property is being sold "as is." This presents a unique chance to acquire a well-situated retail property with a secure lease and the potential for future development or redevelopment in a thriving Chicago community. The property's location offers excellent visibility and accessibility, making it an attractive proposition for both current and future tenants. This is a strong investment opportunity with significant upside potential.