Prime Mixed-Use Property Near Corner of Cermak and California
$1,175,000
2806-16 W Cermak Rd
Chicago, IL
19,675 SF
Mixed-Use Property
The Details
- 3-story, 19,675 SF mixed use property
- Ground floor retail/office space
- Second floor apartments
** One 3-bed/1-bath unit
** One 1-bed/1-bath unit
** One 3-bed/2-bath unit
** Two 2-bed/2-bath units - Generates income of $3,700/mo
- Tenants responsible for own utilities
- Well-located on Cermak, which is part of the Commercial Pedestrian Core
- Close proximity to MetraRail, I-94, bus lines and main arteries
- Land area: 6,098 SF
- Traffic count: 12,764 vehicles daily
- Zoning: B3-2
Near the corner of Cermak and California, a 19,675 square foot mixed-use building is available for sale. The property is comprised of a 9,000 SF storefronts on the ground floor with apartments. The retail storefront could be built-to-suit or divided. All apartment units are 100% leased and are individually metered for heat and electric. Great opportunity for a user or investor. Businesses in the area in clude Walmart, Pete’s Fresh Market, Dollar Tree, Chase Bank, AutoZone and more.
This property is located just outside of Little Italy/University Village community, which boasts tree-lined streets and restaurants/cafes and is less than a fifteen minute drive from downtown Chicago.