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8941 S Western Avenue,  Chicago IL, 60620

(Active)
$269,999
|
|
MLS# 12023077
Last Updated: 5/16/2024 11:22 AM
Description for 8941 S Western Avenue Chicago, IL 60620
"As-Is Sale" This is a opportunity to own a unique commercial property. This versatile office style building, situated in a prime location, which offers a remarkable opportunity for savvy investors or business owners. Positioned on Western Avenue, this property benefits from high visibility and accessibility, thanks to its proximity to major retail outlets like Menards and Walmart. This strategic location not only guarantees a steady flow of potential clients but also provides excellent convenience and exposure. With the property dual-side layout, the property caters to a diverse range of business needs-from office spaces to specialized services like barber shops or dental practices. The 8941 side boasts a waiting and reception area, four offices, and two bathrooms while the 8943 side features a spacious main area, four individual offices, and a bathroom. Both sections share a convenient kitchen and a compact file room, making it ideal for various ventures. Due to recent water damage caused by burst pipes, the property requires a comprehensive gutting and rehabilitation. This presents a unique chance for investors to remodel and customize the space. Prior to the water damage, the roof was completely redone in 2021, AC (2021), and the furnace has been enhanced with a new control board. This property represents a blend of opportunities-ideal for those looking to invest in a space with potential for high returns through refurbishment and strategic location. Whether you're aiming to establish your own business or lease spaces to others, this commercial building offers the flexibility and potential to realize your vision. It is incumbent upon the buyer to conduct their own comprehensive due diligence regarding the property.
Price
$269,999
Cook
12023077
Active
Description
"As-Is Sale" This is a opportunity to own a unique commercial property. This versatile office style building, situated in a prime location, which offers a remarkable opportunity for savvy investors or business owners. Positioned on Western Avenue, this property benefits from high visibility and accessibility, thanks to its proximity to major retail outlets like Menards and Walmart. This strategic location not only guarantees a steady flow of potential clients but also provides excellent convenience and exposure. With the property dual-side layout, the property caters to a diverse range of business needs-from office spaces to specialized services like barber shops or dental practices. The 8941 side boasts a waiting and reception area, four offices, and two bathrooms while the 8943 side features a spacious main area, four individual offices, and a bathroom. Both sections share a convenient kitchen and a compact file room, making it ideal for various ventures. Due to recent water damage caused by burst pipes, the property requires a comprehensive gutting and rehabilitation. This presents a unique chance for investors to remodel and customize the space. Prior to the water damage, the roof was completely redone in 2021, AC (2021), and the furnace has been enhanced with a new control board. This property represents a blend of opportunities-ideal for those looking to invest in a space with potential for high returns through refurbishment and strategic location. Whether you're aiming to establish your own business or lease spaces to others, this commercial building offers the flexibility and potential to realize your vision. It is incumbent upon the buyer to conduct their own comprehensive due diligence regarding the property.
Listing Information
Property Type: Office, Business Opportunities, 1 Story
0.08 Acres 1956 1
Brick
Lake//
Concrete Perimeter
8 Total
Office, Other
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
Brick
61 X 121
COMMR
Driving Directions
95th Street to Western, north to property. Parking in rear.
Financial Considerations
25061080040000
$12,952
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60620 has a population of 2,781,445.

The median household income in Chicago, Illinois 60620 is $39,596. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60620 is 38 years.

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Courtesy: Z.A.S. Consulting, Inc.
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/16/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/16/2024 11:22 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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