502 95Th StChicago, IL 60628

Property Details for 502 95Th St

Year built

1935

Property size (Sq ft)

6,750 SF

Property type

Office properties

Description

This stabilized investment property, located at 502 W 95th St, Chicago, IL 60628, presents a compelling opportunity. The 6,750 square foot building, constructed in 1935 and extensively renovated in 2020, currently operates as a church but is easily adaptable to its original use as office space. The property features 1,620 square feet of net rentable space and sits on a 6,750 square foot lot, providing ample parking. The building boasts a strong pro-forma cap rate of 8.16% and a net operating income (NOI) of $20,412, translating to a price per square foot of $37.04. The land value alone is $18 per square foot. The property is zoned C1 and includes an adjacent lot, enhancing its value and potential. This single-story building offers a high-yield investment opportunity for an owner-operator or passive investor seeking a well-maintained property in a desirable location with significant upside potential. The property's history as both a church and office space provides flexibility for a variety of uses. Its location on a busy stretch of 95th Street ensures high visibility and accessibility. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7217

Longitude

-87.6362

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