Amazing opportunity at the corner of N Pulaski and N Milwaukee Ave in Chicago. This property consists of two separate buildings that are connected by fogged-out windows and doors, providing significant potential for a mixed-use development. These two buildings are available for sale, offering the chance to create a unique real estate investment that includes both retail space and residential units.
The first building, which is in good condition, has long served as the home of the National College of Naprapathic Medicine. It sits on a prime corner location with high traffic visibility, making it perfect for retail, office, or other commercial uses. The property is zoned B3-2, which allows for apartments above the ground floor, making it an ideal candidate for a mixed-use development that includes both residential and commercial spaces. The ground floor can be transformed into retail space or commercial use, while the upper floors could be converted into apartments. This zoning also allows flexibility for future growth and development.
The second building, located right next door, is connected to the first but requires significant renovation. It is currently in a distressed condition, with visible damage and outdated infrastructure. This building has been left in a state of disrepair, but it offers a blank canvas for investors who are willing to put in the work to bring it back to life. It includes a basement and ground-floor space, and with some investment and creative design, this building could be transformed into valuable retail or residential units. Please note that this building is not currently move-in ready, and considerable renovation is required to bring it to its full potential. The existing condition should be considered when evaluating the project cost and timeline.
In total, the property offers a combined space of over 11,000 square feet, with a zoning that allows for a variety of commercial and residential uses. The buildings are located in an area with high visibility and traffic, and they are ideal for an investor who is looking to capitalize on the growing demand for mixed-use properties in Chicago. Whether you're interested in retail development, residential rental income, or both, this property offers a wealth of opportunity to those willing to take on a renovation project and make it their own.
The property is being offered as-is, with the understanding that the second building requires substantial work. However, the prime location and potential for development make this a highly valuable investment opportunity.