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    OFF-MARKET
    Commercial real estate

    3112 Indiana Ave, Chicago, IL 60616

    24,182 SF
    Property ID
    US28-5522066
    Property summary
    AI-generated overview

    This exceptional 24,182 square foot office building, located at 3112 S Indiana Ave in Chicago, IL, presents a significant investment opportunity. Currently zoned B1-3 Neighborhood Shopping District, this property offers a versatile development potential. The building features 64 units and is priced at $1,700,000, translating to $70.30 per square foot. Its prime location in Cook County, zip code 60616, provides easy access to various amenities and transportation. The permitted zoning allows for a range of uses, including residential, mixed-use, retail, and office spaces, making it an ideal canvas for redevelopment or adaptive reuse. The property's substantial size and flexible zoning regulations make it an attractive prospect for investors seeking to capitalize on Chicago's dynamic real estate market. The APN is 17-34-102-045. This is a rare chance to acquire a large-scale property in a thriving neighborhood with significant upside potential. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 24,182 SF
    APN 17-34-102-045
    UPID US28-5522066
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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