350 E 115th St - Flex FOR SALE


Chicago, IL 60628- Roseland
$115,000 USD
773-744-0238

NO PHOTO

$115,000 USD
Flex - FOR SALE
null | Request Cap Rate

350 E 115th St
Chicago, IL 60628
Roseland


HIGHLIGHTS

  • Built in 1906, providing architectural character for adaptive reuse.
  • Mixed-use property offered at an attractive price point of $115,000.
  • Located near major highways, including I-94 and I-57, ensuring strong regional connectivity.
  • Redevelopment potential with partial fire damage already assessed by contractors.
  • Situated in a mixed residential and commercial corridor with diverse demand drivers.
  • Flexible zoning allows for a range of uses, including office, retail, and service businesses.

OVERVIEW

This mixed-use property at 350 E 115th Street in Chicago presents a compelling redevelopment opportunity for investors and developers. Priced at $115,000, the asset offers a cost-effective entry point into a neighborhood with strong connectivity and urban infrastructure. While approximately 25% of the structure sustained fire damage, the remaining portion is usable, and contractors have already been engaged to assess and stabilize the property. This creates a unique scenario for repositioning the building into a modernized mixed-use facility while leveraging its existing framework. The property’s location in Cook County provides access to major transportation routes, including I-94 and I-57, facilitating convenient travel throughout the Chicago metropolitan area. The surrounding area features a mix of residential and commercial uses, offering potential for retail, office, or service-oriented tenants. Built in 1906, the building carries historical character that can be incorporated into a redevelopment plan, appealing to businesses seeking distinctive space. With zoning that supports multiple uses, this site is well-suited for creative repositioning strategies, from professional services to boutique retail concepts.

FOR SALE DETAILS

PRICE

$115,000 USD

PRICE/SF

$31 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

25-22-123-004-0000

ASK ABOUT THIS PROPERTY

Roberto MontañoEngel & Völkers Chicago/Chicago North Shore/ShoreMore Info
773-744-0238

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Roberto MontañoEngel & Völkers Chicago/Chicago North Shore/ShoreMore Info
773-744-0238

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