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Listed by Maria DelBoccioof @properties Christie's International Real Estate
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Est. payment | /mo
2,300 SqFt
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Est. payment | /mo
2,300 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,300 sqft
MLS Listing ID 12744887
Year Built 1967
Annual Tax Amount $10,182
Tax Year 2025
Lot Dimensions 50 X 120
Property Sub-Type Mixed Use
Property Description
Rare turnkey mixed-use opportunity with an adjacent paved and gated lot in Chicago's Norwood Park neighborhood. The approximately 1,375-square-foot commercial space features two private offices, a conference room, reception area, bright front lobby/showroom and two washrooms. An attached approximately 1,000-square-foot warehouse/garage includes an industrial-grade epoxy floor and a 10-foot-high by 14-foot-wide overhead door-ideal for storage, service operations, light industrial use or fleet parking. The second floor offers a spacious, well-maintained approximately 1,700-square-foot apartment with two bedrooms and 1.5 baths, providing excellent rental potential or an ideal live-on-site option for an owner-operator. The sale also includes an approximately 3,000-square-foot paved and gated adjacent lot, offering additional parking, outdoor storage, expansion or future redevelopment potential. Delivered fully vacant for immediate occupancy or leasing, with separate entrances, B3-1 zoning and convenient access to I-90 and I-94. Pro forma projections reflect $76,200 in annual gross income and $54,018 in NOI, representing an estimated 6.36 cap rate at the current asking price. Tenants are responsible for gas and electricity. All income and expense figures are estimates; buyer to independently verify financial information, zoning and permitted uses.
Location
State IL
County Cook
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
View Y/N true
Roof Type Tar/Gravel
Building
Foundation Concrete Perimeter
Structure Type Brick
Others
Virtual Tour https://youtu.be/MwfxXiiCDkQ
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