5115 N Ravenswood Ave - Medical FOR SALE


Chicago, IL 60640- Ravenswood
$1,950,000 USD
720-244-3939
5115 N Ravenswood Ave, Chicago, IL for Sale
$1,950,000 USD
Medical - FOR SALE
1/21
null | Request Cap Rate

5115 N Ravenswood Ave
Chicago, IL 60640
Ravenswood


HIGHLIGHTS

  • ±11,200 SF commercial building on a 50’ x 125’ lot
  • Desirable Ravenswood Corridor location just off Foster Avenue, near the Clark & Foster intersection in Andersonville
  • Perfect opportunity to reposition the building into true flex, warehouse, or commissary with office on the second floor
  • Three-car garage can be expanded to drive-up door with increased clear height for loading access
  • 8 minute walk to the Ravenswood Metra, 4 min bike / 8 min bus to the Damen Brown Line station

OVERVIEW

Two-story commercial building situated on a 50' x 125' lot in the Ravenswood Corridor. The property presents a prime opportunity for an owner-user or investor seeking a flexible-use asset in one of Chicago’s most desirable North Side locations. The first floor consists of 7,400 SF currently built out as office and treatment room space, while the second floor offers 3,600 SF of office space with ample natural light. The building includes a three-car garage, which can be expanded to a drive-up door to increase loading capacity and clear height. PRICE REDUCTION

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Two Story Commercial Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,950 SF

ZONING

C1-2

APN/PARCEL ID

14-07-408-085-0000

ASK ABOUT THIS PROPERTY

Chuck WhitlockBaum Realty Group, LLCMore Info
720-244-3939

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Chuck WhitlockBaum Realty Group, LLCMore Info
720-244-3939

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