7250-7258 Harlem AveChicago, IL 60631

Property Details for 7250-7258 Harlem Ave

Property size (Sq ft)

5,100 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional investment opportunity presents a 5,100 square foot, single-story retail/office building situated on a 12,800 square foot lot in Chicago's desirable Edison Park neighborhood, bordering Niles and Park Ridge. The property, located at the corner of Harlem and Chase Avenues, boasts high visibility and benefits from a strong residential base with favorable demographics. Currently configured as a three-unit strip center, the building offers a mix of occupied and vacant spaces. One 1,250 square foot unit is currently vacant, and an additional 2,500 square feet is available, with potential expansion up to 3,750 square feet. This presents a unique opportunity for a user-investor to occupy a portion of the space while generating additional income from leasing the remaining area. The property includes 16 parking spaces and is zoned B3-1. The asking price is $750,000, translating to $147.06 per square foot. The building is classified as Class B, with a gross lease type and currently has 24.5% occupancy. Nearby amenities include a Dollar Tree and various other commercial, retail, and restaurant establishments. This property offers significant potential for value-add improvements and increased rental income. The single-story design and ample parking further enhance its appeal. This is a rare opportunity to acquire a well-located commercial property in a thriving community.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

42.0135

Longitude

-87.8067

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