7919 S Ashland Ave - Office FOR SALE


Chicago, IL 60620
$125,000 USD
708-573-8801
7919 S Ashland Ave, Chicago, IL for Sale
$125,000 USD
Office - FOR SALE
1/2
null | Request Cap Rate

7919 S Ashland Ave
Chicago, IL 60620


OVERVIEW

Prime Redevelopment Site with Great Upside Potential Priced to sell! The owner will only entertain cash buyers or financing already in order and ready for quick close. Included in purchase: Three-Story Former Bank Building and Two Parking Lots (adjacent parking lot next to the building and parking lot behind the building on 79th) This is an exceptional opportunity to acquire a substantial property package with immense redevelopment potential. The centerpiece of this offering is a three-story former bank building that requires a complete gut renovation. To maximize value and facilitate development, two adjacent parking lots are included in this sale. This combined package presents a unique chance to create a mixed-use or commercial development that caters to the demands of the local market. Key Features: Prime Location: Near the high traffic area of the intersection of 79th and Ashland Avenue Three-Story Building: Offers substantial square footage for redevelopment. Two Parking Lots: Provides ample parking or development options. Redevelopment Potential: Create a high-value property through comprehensive renovation. Land Assembly: Benefit from owning multiple parcels in a desirable location. Flexible Use: Explore various development options to suit your vision. Important Note: The property is being sold "as-is" with no warranties or representations. The buyer assumes full responsibility for obtaining necessary permits, addressing code violations, and completing all renovations. This is a unique opportunity for a savvy investor or developer to acquire a property with significant upside potential.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$10 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

B4-2, Chicago

APN/PARCEL ID

20-23-100-017-0000,20-31-207-028-0000,20-31-207-029-0000,20-32-100-018-0000,20-32-100-019-0000,20-32-100-036-0000

ASK ABOUT THIS PROPERTY

Trudy HolmesExit True Design Realty LlcMore Info
708-573-8801

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Trudy HolmesExit True Design Realty LlcMore Info
708-573-8801

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