Strategic Mixed-Use Opportunity on 95th Street Corridor
Mixed Use | 4,901 SqFt
Marketing description
Maximize your portfolio with this high-visibility mixed-use asset located at 251-253 95th Street. This property offers a unique dual-income stream with significant "forced appreciation" potential through a strategic suite conversion.
- 251 95th St: Anchored by an established, high-traffic barbershop, providing immediate cash flow and a consistent community draw.
- 253 95th St: Comprises a versatile ground-floor office and a second-floor salon suite conversion project.
The top floor features 2,888 SF already partitioned into 6 private rooms, drastically reducing the capital expenditure required to launch a high-margin salon suite model. With large windows in every room and a location just steps from the CTA Red Line and the Dan Ryan Expressway, this asset is perfectly positioned to capture the booming demand for private, independent wellness spaces.
Investment highlights
Distinct Income Streams: Dual-address configuration allows for diversified tenant risk across the established barbershop (251) and the professional office/suite space (253).
Turnkey Suite Potential: The second floor’s 6-room layout is a "low-CapEx" gift for investors; the infrastructure for a premium salon suite model is already in place, minimizing renovation downtime.
Beauty Hub Synergy: The existing barbershop at 251 creates a built-in "beauty destination" identity for the building, making it easier to recruit and retain stylists for the upstairs suites.
Unmatched Transit Connectivity: Boasting an Exceptional Transit Score of 90/100, ensuring your tenants’ clients have effortless access via the Red Line and major expressways.
Aggressive Yield Path: Transitioning the top floor from traditional office to high-density salon suites offers a proven path to significantly higher Price-Per-Square-Foot (PPSF) returns.
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