514 W 71st Street Chicago, IL 60621
Retail
MLS #: 12582502
Courtesy Of HomeSmart Realty Group
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Building Units: 3
- Cooling System: Central Air
- Exterior Type: Brick
- Floors: 1
- MLSID: 12582502
MAP & DIRECTIONS
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