2611 S Lawndale Ave - Medical FOR SALE


Chicago, IL 60623- Little Village
$650,000 USD
312-981-2384
2611 S Lawndale Ave, Chicago, IL for Sale
$650,000 USD
Medical - FOR SALE
1/10
null | Request Cap Rate

2611 S Lawndale Ave
Chicago, IL 60623
Little Village


HIGHLIGHTS

  • Previously (2018) Gut Rehabbed Building
  • Great frontage on Lawndale Avenue
  • Easy accessible / Public transportation nearby
  • Favorable B3-2 Zoning
  • Great potential for many possible uses

OVERVIEW

AREA/LOCATION OVERVIEW Little Village is a neighborhood on the southwest side of Chicago that is also recognized as South Lawndale with a population of approximately 73,826 and an area of 4.4 mi2. It is approximately 5 miles SouthWest of Chicago's Loop and is within walking distance of the CTA Pink Line. The Mexican-American culture of Little Village and nearby Marshall Square is evidenced by colorful murals and hundreds of Latinx-owned businesses and restaurants. Little Village also boasts its economic power in Chicago with more than 1,000 businesses that offer a vast array of goods and services. Little Village's 26th street is the second highest-grossing shopping district in the city. With 26th Street as its commercial anchor, which is the city’s second-highest-grossing shopping strip after only the Magnificent Mile, Little Village has the energy and density of a major city, but with a close-knit community of independent businesses and nonprofits that make it one of the most dynamic neighborhoods in Chicago. In 2015, the 2 mile street created $900 million dollars in sales. Its contender, Michigan Avenue, made approximately $1.8 billion dollars that same year. Little Village residents and business owners are amply recognized for their entrepreneurial spirit, strong work ethic, and commitment to family and community. The property is well-situated on Lawndale Avenue in a great community with easy access to I-55, I-290, I-90/94 and major thoroughfares such 26th Street, 22nd Street (Cermak Road) Cicero & Archer plus great foot and car traffic. Exclusively/Listed & Represented by Baird & Warner Real Estate, Inc. Principaly Presented & Marketed by Wesley J. JonBerg for Baird Warner Real Estate Investment Services of Chicago. Inc.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-2

APN/PARCEL ID

16-26-306-003-0000

ASK ABOUT THIS PROPERTY

Wesley JonBergBaird & WarnerMore Info
312-981-2384

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Wesley JonBergBaird & WarnerMore Info
312-981-2384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.