514 W 71st St - Retail FOR SALE


Chicago, IL 60621- Englewood
$399,000 USD
773-410-4700
514 W 71st St, Chicago, IL for Sale
$399,000 USD
Retail - FOR SALE
1/8
null | Request Cap Rate

514 W 71st St
Chicago, IL 60621
Englewood


OVERVIEW

Prime Investment Opportunity with Expansion Potential Don’t miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RT-4

APN/PARCEL ID

20-21-326-016-0000

ASK ABOUT THIS PROPERTY

Aladdin SheloHomeSmart Realty GroupMore Info
773-410-4700

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Aladdin SheloHomeSmart Realty GroupMore Info
773-410-4700

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