1802-1806 W Chicago Ave
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1802-1806 W Chicago Ave
6,000 SF Vacant Retail Building Chicago, IL 60622 $1,500,000 ($250/SF)
Executive Summary
SVN Chicago Commercial, as the Exclusive Investment Advisors, is pleased to present an exceptional opportunity to acquire the 100% fee-simple interest in 1802-1806 W Chicago Avenue, Chicago, IL (the “Property”), a spacious, column-free bow truss building prominently located in Chicago’s vibrant West Town neighborhood.
The Property offers 6,000 square feet of versatile, column-free retail space that can be utilized as a single space or subdivided. Additionally, the Property holds significant redevelopment potential, with the possibility of conversion to a mixed-use development.
Situated in one of Chicago’s most sought-after submarkets, the Property benefits from a prime location within a half-mile radius of nearly 20,000 residents. This lively community boasts an average household income of $187,000, providing an attractive market for businesses and contributing to the area's economic vitality.
Strategically located just two miles west of Chicago's renowned Magnificent Mile, the Property is easily accessible via the CTA's 66 Chicago Avenue bus route and is only ¾ mile from I-90. This prime location ensures excellent connectivity to public transportation and major highways, enhancing its appeal as a commercial investment.
The Property offers 6,000 square feet of versatile, column-free retail space that can be utilized as a single space or subdivided. Additionally, the Property holds significant redevelopment potential, with the possibility of conversion to a mixed-use development.
Situated in one of Chicago’s most sought-after submarkets, the Property benefits from a prime location within a half-mile radius of nearly 20,000 residents. This lively community boasts an average household income of $187,000, providing an attractive market for businesses and contributing to the area's economic vitality.
Strategically located just two miles west of Chicago's renowned Magnificent Mile, the Property is easily accessible via the CTA's 66 Chicago Avenue bus route and is only ¾ mile from I-90. This prime location ensures excellent connectivity to public transportation and major highways, enhancing its appeal as a commercial investment.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1940/2010
Price
$1,500,000
Price Per SF
$250
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Land Acres
0.14 AC
Zoning
B3-2
Frontage
50 FT on Chicago Ave
Amenities
- 24 Hour Access
- Bus Line
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Biker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $181,538 | |
| Land Assessment | $36,332 | Total Assessment | $217,870 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$36,332
Improvements Assessment
$181,538
Total Assessment
$217,870
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Tim Rasmussen, CCIM -
Marcus Sullivan -
SVN | Chicago Commercial
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1802-1806 W Chicago Ave
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