860 California AveChicago, IL 60622

Property Details for 860 California Ave

Year built

2005

Lot size

0.14 AC

Property type

Office properties

APN

16-01-326-070-1007

APU

16013260701007

Description

This exceptional 1,800 square foot commercial storefront condo in Chicago's desirable California-Augusta corridor presents a unique investment opportunity. The property boasts a bright and clean interior, ideal for a variety of businesses. The C1-2 zoning allows for diverse commercial uses. A significant advantage is the inclusion of an oversized, attached two-car garage spanning 575 square feet, offering ample parking and/or valuable storage space. This versatile feature sets this property apart from comparable offerings. The location is highly desirable, situated near popular establishments such as Segnatore, Spinning J, Rootstock, Gaoku Izakaya, La Boulangerie, Feed, and the Hi-Lo, ensuring high visibility and foot traffic. This turnkey commercial space is ready for immediate occupancy and offers significant potential for growth and profitability in a vibrant and thriving Chicago neighborhood. The asking price is $175,000. This is a rare opportunity to acquire a well-located, versatile commercial property with significant added value in the form of the attached garage. Don't miss out on this chance to establish your business in a prime Chicago location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,010,500

  6.5%

  $1,855,846

  7%

  $1,723,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $814,844

  Geo Method

  $814,844

• Alternative Use

  Use

  Valuation

  Residential

  $2,301,249

  Hospitality

  $2,107,932

  Educational

  $1,753,775

  Medical

  $1,814,090

  Retail

  $2,728,094

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8975

Longitude

-87.6971

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].