SQUARE FEET15,500
MLS#12616833
STATUSActive
PROPERTY TYPECommercial - Industrial
Property Description
Beautiful Two-story rock solid brick mixed use building with newer thermal pane windows, roof/skylight, rolling retail shutters in front and electric gate in back. Both main ground floor and 1st floor are currently set up as open space. Each floor is approx. 6,250 sq/ft. There is also a full basement for additional usage or storage. The space is currently a clean blank canvas. Its needs to be rehabbed and finished. Includes unused freight elevator at rear. Located in booming South Chicago's Commercial Ave., which from 83rd to 87th boasts flourishing mom and pop stores, and various ethnic cuisines. 87th to 95th are home to a growing number of corporations, businesses, non-profits and banks. Located in Special Business Area 5 and eligible for interior buildout grants, front facade and security grants. This building has many potentials uses from a thriving retail business or restaurant business on the main ground floor to an Art gallery on the 1st floor. Under additional Information you will find blueprints to build out the space for 25 incubator work booths, a dining area and two prep kitchens. (one of many potential uses for this building) The new Quantum computing and Microelectronics Park project is underway and stands to transform the U.S. Steel South Works property and the overall area into a hive of activity - see Crain's news articles in additional information. The Quantum site is 5 mins from this building. The Advocate Trinity Hospital is also approved to share this site and promote Quantum research in medicine. The 87th street South Chicago Metra line is only a 5 mins walk away from the building and runs to downtown Chicago. This huge building offers a great opportunity at a really really affordable price. Seller is open to offering owner financing for the right candidate. Lets talk.
Property Features
Property Type: Commercial - Industrial
Cooling: None
Lot Size: 0.16 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $5,561
Year Built: 1907
Feature Descriptions
Current Use: Commercial, Other
Electric: None
Exterior: Brick, Concrete
Fire Protection: None
Flooring: Wood
Foundation: Concrete Perimeter
Frontage Type: City Street, Public Road
HVAC: None
Location: Central Business District, Mixed Use Area, Public Transport Avail, Free Standing/Urban, Empowerment Zone, Enterprise Zone, In City Limits
Lot Dimensions: 50 X 139
Miscellaneous Indoor: Overhead Door/s
Parcel#: 26062090230000
Parking: 1-5 Spaces, Fenced
Potential Use: Commercial, Condominium, Industrial, Office, Multi-Family, Retail
Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Sewer
Units: 2
Utilities: Electric to Site
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 312-266-7000
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
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8802 S Commercial Avenue | MLS# 12616833
This commercial property located at 8802 S Commercial Avenue, Chicago, IL 60617 is currently listed for sale with an asking price of $249,900. Search Chicago real estate on www.bhhscrosby.com today.