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2611 S Lawndale Ave 1,800 SF Vacant Office Building Chicago, IL 60623 $894,153 CAD ($496.75 CAD/SF)
INVESTMENT HIGHLIGHTS
- Previously (2018) Gut Rehabbed Building
- Easy accessible / Public transportation nearby
- Great potential for many possible uses
- Great frontage on Lawndale Avenue
- Favorable B3-2 Zoning
EXECUTIVE SUMMARY
Little Village is a neighborhood on the southwest side of Chicago that is also recognized as South Lawndale with a population of approximately 73,826 and an area of 4.4 mi2. It is approximately 5 miles SouthWest of Chicago's Loop and is within walking distance of the CTA Pink Line. The Mexican-American culture of Little Village and nearby Marshall Square is evidenced by colorful murals and hundreds of Latinx-owned businesses and restaurants. Little Village also boasts its economic power in Chicago with more than 1,000 businesses that offer a vast array of goods and services. Little Village's 26th street is the second highest-grossing shopping district in the city. With 26th Street as its commercial anchor, which is the city’s second-highest-grossing shopping strip after only the Magnificent Mile, Little Village has the energy and density of a major city, but with a close-knit community of independent businesses and nonprofits that make it one of the most dynamic neighborhoods in Chicago. In 2015, the 2 mile street created $900 million dollars in sales. Its contender, Michigan Avenue, made approximately $1.8 billion dollars that same year. Little Village residents and business owners are amply recognized for their entrepreneurial spirit, strong work ethic, and commitment to family and community.
The property is well-situated on Lawndale Avenue in a great community with easy access to I-55, I-290, I-90/94 and major thoroughfares such 26th Street, 22nd Street (Cermak Road) Cicero & Archer plus great foot and car traffic.
Exclusively/Listed & Represented by Baird & Warner Real Estate, Inc.
Principaly Presented & Marketed by Wesley J. JonBerg for Baird Warner Real Estate Investment Services of Chicago. Inc.
PROPERTY FACTS
AMENITIES
- Fenced Lot
ABOUT 2611 S LAWNDALE AVE , CHICAGO, IL 60623
EXECUTIVE PROPERTY SUMMARY The subject property is located at 2611 South Lawndale Ave., Chicago, IL 60623 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this investment opportunity. This is an urban Mixed-Use property located in the heart of Chicago's Little Village neighborhood. Featuring a new roof, currently fully renovated 2-story building, 3,600 SF of gross leasable area and 3,076 SF site. The subject property is zoned B3-2 and comprises a full basement, 1 commercial space, and a fully leased 2nd-floor large apartment. The subject property is situated in a mixed commercial and residential city setting making it a prime location for investment and/or owner-user opportunities. The property's strategic location offers convenient access to major thoroughfares, public transportation, and a wide range of amenities, including shopping centers, restaurants, and recreational facilities. The subject property presents the unique opportunity to acquire a stand-alone building in the Little Village neighborhood. PROPERTY/TRANSACTION HIGHLIGHTS Property Type: Mixed-Use/Medical Property subtype: Free Standing Building Building Size: ±1,800 SF Land Size: ±3,076 SF (.07 AC) | 24 feet along Damen and 128 feet deep Bldg FAR 0.59 Parcel: 16-26-306-003-0000 Built: 1901 Building Class: Class B No. Stories: 2 Zoning: B3-2 Taxes: $13,878.12 / 2018 Sale Type: Owner/User/Investment Traffic: ±16,116 VPD | Year 2018 22 Ward - Alderman Ricardo Munoz Quick and easy access to I-55, I-290, I-90/94 Exp., and major thoroughfares such 26th Street, 22nd Street (Cermak Road) Cicero & Archer Median Household Income Exceeding $32,795 within one-mile radius Excellent Demographics | Population of 64,871 within-one mile of subject property
PROPERTY TAXES
| Parcel Number | 16-26-306-003-0000 | Improvements Assessment | $138,250 CAD |
| Land Assessment | $13,412 CAD | Total Assessment | $151,662 CAD |
PROPERTY TAXES
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2611 S Lawndale Ave
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