For Sale
$49,000

11537 Michigan AveChicago, IL 60628

1,760 SF Retail Building, $49K

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 1,760 square foot retail building situated on a 4,498 square foot lot in Chicago, Illinois. Located at 11537 S Michigan Ave, zip code 60628, this single-story property is zoned RS-3 and boasts a compelling asking price of $49,000, translating to $27.81 per square foot. The building features a large brick structure suitable for various commercial uses, and includes an apartment space requiring completion. Recent improvements include a new roof (installed in 2006), a new furnace (2005), and mechanical improvements (2006). The property is being sold "as is" and importantly, includes the adjacent northern lot. This presents a unique chance to acquire a substantial property in a desirable Chicago location with significant potential for return on investment. The Cook County Assessor's Parcel Number (APN) is 25223010490000. This property is ideal for an investor seeking a value-add opportunity with potential for immediate income generation and future development. The existing structure provides a solid foundation for a variety of commercial ventures, and the inclusion of the adjacent lot offers significant expansion possibilities.

Highlights

  • Asking price: $49,000
  • 1,760 square foot retail space in Chicago, IL
  • Price per square foot: $27.84
  • Single-story building on a 4,498 square foot lot
  • RS-3 zoning
  • Cook County, IL location at 11537 S Michigan Ave, Chicago, IL 60628.

Property Details for 11537 Michigan Ave

Property type
Retail properties
Square Feet
1,760 SF
Stories
1

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.684224
Longitude
-87.6204794
11537 Michigan Ave, Chicago, Illinois

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11537 Michigan Ave
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