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Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 10,888 sqft
Price per Sqft $57
MLS Listing ID 11909547
Sold Date 06/17/24
Year Built 1975
Annual Tax Amount $57,311
Tax Year 2021
Lot Dimensions 100X250
Property Description
SVN proudly presents this amazing investment opportunity in Oak Forest along busy Cicero Ave. This 3-unit fully occupied shopping center houses 2 historic tenants who are prominent in the area. Tenants have been at this location for many years, however, they entered short term leases during Covid. C&M Awards only occupies half of 14814's front retail space. There is room for an additional tenant to share the space, or the new owner could lease the entire space for more than what is currenty being collected. There is a small basement, laundry room, and 1 drive-in-door attached to main retail building. Additionally, this sale will include a 2-unit rental house which is located behind the retail building. Originally built as home for previous owner, converted to rental when current owner took over. Both buildings have been meticulously maintained, and the retail building boasts a newer facade and regularly restriped parking lot. This property also includes a marquis sign for enhanced street visibility. There is ample parking in the front and the back of the building. Easy plug and play for the right investor, or potential live-where-you-work scenario. The seller also has an assumable mortgage at 4.95% interest. The taxes are currently being appealed. Building is in a TIF district.
Location
State IL
County Cook
Area Oak Forest
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 2
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Bought with Tuyen Nguyen • Chicago Real Estate Resources