100% Occupied Mixed-Use Investment | 2949 W. Peterson Ave
Mixused Building 100% Occupied: 4,100 SF
Marketing description
Positioned along the highly trafficked Peterson Avenue corridor in Chicago’s West Ridge neighborhood, 2949 W Peterson Ave presents an exceptional opportunity to acquire a versatile mixed-use investment featuring retail frontage with residential income potential.
The property consists of approximately 4,000+ square feet across two levels, offering a combination of street-level commercial space and residential units above, creating a diversified and stable income stream. The retail component benefits from strong visibility, consistent foot traffic, and proximity to national and local retailers, making it well-suited for a variety of commercial uses.
Situated in a dense residential neighborhood with over 50,000 residents within a one-mile radius, the asset is supported by a strong local tenant base and steady demand for both housing and neighborhood-serving retail. Its strategic location, combined with convenient access to public transportation, further enhances the property’s long-term desirability for both tenants and investors.
This offering represents a compelling opportunity for investors seeking a value-add mixed-use asset with upside through rent growth and operational improvements, as well as for owner-users looking to occupy the commercial space while benefiting from in-place residential income.
Investment highlights
True Mixed-Use Asset (Retail + Residential)
- Diversified income stream with ground-floor retail and upper-level and rear residential unit(s)
- Reduces risk compared to single-tenant or single-use properties
- Attractive to both investors and owner-users
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