For Lease
$5.33/SF/YR

3850 Wallace St Chicago, IL 60609

Prime Chicago retail space, 6,750 sq ft.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 6,750-square-foot commercial property, located at 3850 S Wallace St in Chicago's Bridgeport/Canaryville neighborhood (zip code 60609, Cook County, Illinois), presents a unique investment opportunity. Currently vacant, the property offers significant flexibility for a variety of uses. Previously occupied as a restaurant, the building's existing structure could be easily adapted to suit a new tenant's needs. The property is zoned for commercial use and could also be re-purposed for residential development, subject to necessary approvals. The site boasts convenient street access from both Wallace and Pershing Streets, providing excellent visibility and accessibility for customers and employees. The substantial 6,750 square feet of vacant space allows for ample room for expansion or customization. This single-tenant property is ideal for businesses seeking a prominent location in a vibrant Chicago neighborhood. The long-term tenancy potential makes this a stable and attractive investment. This is a rare opportunity to acquire a sizable commercial property in a rapidly developing area of Chicago. Serious inquiries are encouraged.

Highlights

  • 6,750 SF redevelopment site with existing restaurant building.
  • Dual street access via Wallace and Pershing Streets.
  • Suitable for parking, commercial, or residential redevelopment.
  • Excellent location near Guaranteed Rate Field and I-90/94.

Property Details for 3850 Wallace St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
6,750 SF

Unit(s) available at that property

Space
Available Space
Size
6,750 SF
Rate per SF
$5.33

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8237825
Longitude
-87.6414092

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FAQs

What type of property is this?
Retail property - Prime Chicago retail space, 6,750 sq ft.
Where is the retail property located?
The property is located at 3850 Wallace St Chicago, IL.
What is the lease rate?
The lease rate is $5.33/SF/YR.
What are key features of this property?
This property features: 6,750 SF redevelopment site with existing restaurant building.; Dual street access via Wallace and Pershing Streets.; Suitable for parking, commercial, or residential redevelopment.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Property Records

Contacts

JOSH MELLENCAMP
STEVE HORVATH

Learn more

Useful Information

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Wallace St
Chicago, IL 60609

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Wallace St
Chicago, IL 60609

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3850 Wallace St
  • JOSH MELLENCAMP
  • STEVE HORVATH
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