9204 S Commercial Ave - Office FOR SALE


Chicago, IL 60617- South Chicago
$2,000,000 USD
847-967-1111
9204 S Commercial Ave, Chicago, IL for Sale
$2,000,000 USD
Office - FOR SALE
1/14
null | 12.5% Cap Rate

9204 S Commercial Ave
Chicago, IL 60617
South Chicago


HIGHLIGHTS

  • Motivated Seller

OVERVIEW

Corner location on Commercial Avenue in South Chicago. Seven retail storefronts plus four-story office component. Existing cash flow from long-term tenants. Elevator-served office building. Four blocks from Lake Michigan. Same ownership for the last 20 years. Significant upside through lease-up and renovation of upper floors.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

12.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

US Bank Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

B3-2, Chicago

APN/PARCEL ID

26-06-409-005-0000,26-06-409-006-0000

ASK ABOUT THIS PROPERTY

Ted MavrakisMavrakis PropertiesMore Info
847-967-1111

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

Ted MavrakisMavrakis PropertiesMore Info
847-967-1111

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