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About the Listing 87488 - 1006863,223832
Prime Two-Story Retail Building with plenty of parking - Turn-Key Business Opportunity! Seize this incredible opportunity to own a beautifully renovated, mixed-use building in a high-traffic, highly sought-after location! This two-story gem offers endless possibilities for business owners and investors alike. The second floor has been tastefully renovated and sectioned into eight modern suites, 6 of which are already leased, generating 4,000 in monthly rental income, cap rate is an astonishing 15. The Pro Forma cap rate will be around 23 when you finish the first floor and put a tenant or two in there. Should be able to generate 2000 additional income per month. The first floor is a spacious, blank canvas spanning over 2,500 sq. ft., ready to bring your vision to life-whether it's more salon suites, a restaurant, cafe, boutique, office, or retail space. High ceilings, newer windows, modern fixtures, and stylish coverings create an inviting atmosphere for any business concept. Additional features include a newly built back porch, a huge basement and garage ideal for extra storage or parking. This property is a rare find with immense potential in a thriving area-don't miss your chance to make it yours! Schedule a viewing today!
Listing Highlights for 3708 W Roosevelt Rd
Status
Active
Days on Site
95
Property Type
Commercial Sale
MLS ®
12393070
Year Built
1903
Total Square Footage
3,500
Lot/Acreage
0.12
County
Cook
Area
CHI - North Lawndale
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 25X125
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $2,540
- Taxes w/Assessments: N/A
- Tax/Property ID: 16143280430000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3708 W Roosevelt Rd Chicago, IL 60624
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