8804 S Commercial AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60617
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 15,500 sqft
Price per Sqft $15
MLS Listing ID 12122378
Year Built 1907
Annual Tax Amount $5,561
Tax Year 2023
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 set up are 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 blank canvas. Includes unused freight elevator at rear. Located in 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 has just been announced 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 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.
Location
State IL
County Cook
Area Chi - South Chicago
Zoning OTHER
Interior
Cooling None
Flooring Wood
Exterior
Utilities Available Electric to Site
Roof Type Membrane
Building
Dwelling Type Retail/Stores
Structure Type Brick,Concrete