SQUARE FEET4,600
MLS#12582502
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
Prime Investment Opportunity with Expansion Potential. Don't miss this unique commercial property offering exceptional upside. Situated adjacent to a city-owned vacant lot, this building presents a rare opportunity for future growth and potential expansion (buyer to verify possibilities with the city). The property features three storefronts, including two established long-term tenants, providing immediate income stability. The existing tenants hold valid licenses and may continue operating under current approvals, offering added security for investors. Currently zoned RT-4, the property would require rezoning for certain commercial redevelopment opportunities, making it an ideal candidate for investors or developers seeking to reposition and maximize value. Being sold as-is, this property is perfect for those looking to capitalize on its strong location, reliable tenant base, and long-term growth potential.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.14 Acres
Stories: 1.0
Taxes: $26,921
Year Built: 1914
Feature Descriptions
Current Use: Zoning Change Required
Electric: Separate Meters
Exterior: Brick
Fire Protection: Fire Extinguisher/s
HVAC: Ceiling Units
Lot Dimensions: 125x50
Number of Tenant(s): 2
Parcel#: 20213260160000
Units: 3
Listed By / Shown By
Listed By
Agency Name: HomeSmart Realty Group
Agency Phone: 708-320-0002
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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514 W 71st Street | MLS# 12582502
This commercial property located at 514 W 71st Street, Chicago, IL 60621 is currently listed for sale with an asking price of $399,000. Search Chicago real estate on www.bhhscrosby.com today.