1148 Monroe StChicago, IL 60607

Property Details for 1148 Monroe St

Year built

2001

Lot size

0.20 AC

Property type

Commercial real estate

APN

17-17-202-024

APU

1717202024

Description

This exceptional commercial property, located at 1148 W Monroe Street, Chicago, IL 60607, presents a unique investment opportunity. Priced at $350,000, this 829 square foot ground floor retail/office space is situated within a 20-unit condo building. Its prime location offers unparalleled visibility and accessibility, boasting high vehicular and pedestrian traffic. The property benefits from excellent natural light and street exposure, making it ideal for a variety of businesses. Currently configured as a salon, the space features high ceilings and concrete floors, along with the convenience of separate utilities. Its proximity to key Chicago landmarks adds significant value. Just steps away are the intersection of Monroe and Racine, Madison Row, Skinner Park, Skinner School, Mary Bartelme Park, the Chicago Children's Theatre, and various public transportation options, expressways, Greentown, and the vibrant Fulton Market District. This property offers a rare blend of location, size, and potential, making it an attractive investment in a thriving Chicago neighborhood. The Cook County location provides access to a diverse and densely populated market. This is a chance to acquire a well-positioned commercial space with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $3,184,082

  Hospitality

  $2,916,602

  Educational

  $2,426,578

  Medical

  $2,510,032

  Retail

  $3,774,677

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8806

Longitude

-87.6566

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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