Listed by Millennium Properties R/E
$850,000
8,600 SF Retail/Office with 75’ of Frontage on Montrose
Details
Property Type Office, Retail
Sub Type Storefront, Creative Office
Square Footage 8,600
Units 4
Occupancy 80%
Price per SqFt $99
Year Built 1926
Buildings 1
Stories 1
Lot Size (SqFt) 9,375
Zoning B3-1
Parking Spaces 15 spaces
Parking Per SqFt 1.74
Ground Lease No
For Sale: Arm-Chair Investment with Upside Potential
Marketing description
Available for sale is a newly updated property that was originally three buildings and have been combined in a single structure comprised of four separate spaces. Situated on Montrose, this single-story building has a tenant mix that includes a restaurant, office, dance studio and storage space.
This turnkey opportunity offers excellent frontage, close proximity to I-90/94, Metra and CTA Blue Line train stations. This property is nestled within Portage Park, a quintessential Chicago neighborhood that effortlessly blends urban convenience with the charm of a close-knit community.
Investment highlights
- 8,600 SF building plus basement
- Four individual units
- West unit is newly built-out for a restaurant, commissary or catering
- Middle unit is a dance studio
- East unit is a newly built-out office space
- Rear middle unit is used for storage
- Two, commercial garage doors
- In-place income
- High ceiling heights
- Easy access to expressway and public transportation
- Nearby attractions: Jewel-Osco, CVS,
- Walgreen’s, Mariano’s, Kohl’s Best Buy, Joann Fabric & Crafts, Pete’s Fresh Market, and several restaurants and retail store and offices
- Land area: 9,375 SF
- Traffic count: 16,007 vehicles daily
- Zoning: B3-1
- Real Estate Taxes (2024) - $18,705.73
Listing Contacts
Listed by Millennium Properties R/E
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
