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$1,800,000
Est. payment /mo
9,235 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 9,235 sqft
Price per Sqft $194
MLS Listing ID 12693064
Year Built 1950
Annual Tax Amount $42,130
Tax Year 2025
Lot Dimensions 9235 + SQUARE FOOTAGE
Property Sub-Type Retail/Stores
Property Description
Exceptional investment opportunity in Chicago's sought-after Old Irving Park neighborhood. This professionally managed, approximately 9,500 SF mixed-use commercial Condominium property has been extensively renovated and is fully leased to quality tenants, including The Art of Being, Edible Arrangements, and CEDA WIC, a well-funded nonprofit with lease term remaining. Located on a highly visible signalized corner along Irving Park Road, the property benefits from excellent traffic counts, strong demographics, and recent City streetscape improvements with decorative vintage lighting. Steps from the new Northwestern Medicine facility and offering convenient access to I-90/94, CTA Blue Line, Metra, and downtown Chicago. A stable tenant mix, attractive lease terms, prime location, and strong cash flow combined to deliver an outstanding cap rate and exceptional return on investment. Truly a turnkey asset in one of Chicago's premier commercial corridors.
Location
State IL
County Cook
Area Chi - Irving Park
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by Martin Murray of RE/MAX Premier Luxury Collection
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Crosstown Realtors
Owner | License ID: 471019341