3542 W Peterson Ave - Office/Residential FOR SALE


Chicago, IL 60659
$1,799,770 USD
312-440-7000
3542 W Peterson Ave, Chicago, IL for Sale
$1,799,770 USD
Office/Residential - FOR SALE
1/7
null | Request Cap Rate

3542 W Peterson Ave
Chicago, IL 60659


HIGHLIGHTS

  • Situated at the intersection of W Peterson Ave and N Central Park Ave, offering high visibility and accessibility.
  • Located on a prominent corner with excellent exposure to both major streets.
  • Benefits from significant vehicular and pedestrian traffic, enhancing potential for commercial visibility.
  • Close to a variety of retail, dining, and service establishments, providing convenience for both residents and businesses.

OVERVIEW

Two buildings available on a hard corner, prime for redevelopment. Larger building is a 2 story, 15,000 square foot office building situated on a 15,769 Square Foot = 0.36 AC = 157.6 X 100 lot. Building was purchased by a non-profit entity to tear down and build a new building, plans changed. The second building which is just East at 3540 W. Peterson sits on a 50 X 100 lot. These two properties can be combined for a large new development on a 207.6 X 100 foot lot. The existing building is rented to a dozen tenants on MTM leases but needs quite a bit of work. The other building is a vacant 1 story, 4,000 Square foot office building situated on a 5,214 Square Foot = 2,708 + 2,506 = 5,214 Sq. Ft. 50 X 100 lot.

FOR SALE DETAILS

PRICE

$1,799,770 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Medical, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

B2-1, Chicago

APN/PARCEL ID

13-02-213-050-0000

ASK ABOUT THIS PROPERTY

Andrew GlatzCrown Heights RealtyMore Info
312-440-7000

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Andrew GlatzCrown Heights RealtyMore Info
312-440-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.