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$2,200,000 $2,000,000 Estimate Your Mortgage
2816 W Cermak Rd, Chicago, IL 60623
0 Beds
0 Baths
n/a sqft

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BUSINESS FOR SALE WITH REAL ESTATE! Large Retail Department Store & 5 residential units. High volume business in this location for 50 years. Nearly 15,000 square feet of first floor retail space & 5 residential units each approx 1,000 SQ FT. The location, size, visibility, and community good-will of this business is unmatched. Hands off $800,000 per year revenue stream. $2,000,000 annual revenue achieved under direct management. Enormous current value, future opportunity, and rare property coming available after 50 years. Two large retail entrances open to their own 75' x 122' and 50' x 120' retail space connected through open walkway to form a 125' x 122' open retail environment. High ceilings, ability increase skus, an low taxes. Includes 2806, 2814, & 2816 W Cermak Rd. (two double and one single contiguous lots on W. Cermak Rd and adjacent to S California Ave.) Zoned B3-2 in a busy community shopping district; The building features offices, inventory rooms and additional facilities.
  • Price:
  • $2,000,000
  • Acreage:
  • 0.35
  • Year Built:
  • 1934
  • Listing ID #:
  • 10297196
  • Street Address:
  • 2816 W Cermak Rd
  • City:
  • Chicago
  • State:
  • Illinois
  • Postal Code:
  • 60623
  • County:
  • Cook
  • Listing Status:
  • Active
  • Age Of Dwelling:
  • Older
  • Construction Description:
  • Brick
  • Exterior Description:
  • Brick
  • Number Of Units:
  • 5
  • Retail Square Footage:
  • 15000
  • Stories:
  • 3
  • Year Built:
  • 1934
  • Annual Insurance Expenses:
  • 999
  • Annual Trash Expenses:
  • 999
  • Existing Land Use:
  • Commercial, Condominium, Other
  • Lot Square Footage:
  • 15256
  • Suitable Use:
  • Commercial, Condominium, Residential-Multi-Family, Retail
  • Property Taxes:
  • $0
  • Tax Year:
  • 2017
  • Cooling System:
  • Central Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By RE/MAX Suburban
  • MRED

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