EXECUTIVE PROPERTY SUMMARY
The subject property is located at 2611 South Lawndale Ave., Chicago, IL 60623 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this investment opportunity. This is an urban Mixed-Use property located in the heart of Chicago's Little Village neighborhood. Featuring a new roof, currently fully renovated 2-story building, 3,600 SF of gross leasable area and 3,076 SF site. The subject property is zoned B3-2 and comprises a full basement, 1 commercial space, and a fully leased 2nd-floor large apartment. The subject property is situated in a mixed commercial and residential city setting making it a prime location for investment and/or owner-user opportunities. The property's strategic location offers convenient access to major thoroughfares, public transportation, and a wide range of amenities, including shopping centers, restaurants, and recreational facilities. The subject property presents the unique opportunity to acquire a stand-alone building in the Little Village neighborhood.
PROPERTY/TRANSACTION HIGHLIGHTS
Property Type: Mixed-Use/Medical
Property subtype: Free Standing Building
Building Size: ±1,800 SF
Land Size: ±3,076 SF (.07 AC) | 24 feet along Damen and 128 feet deep
Bldg FAR 0.59
Parcel: 16-26-306-003-0000
Built: 1901
Building Class: Class B
No. Stories: 2
Zoning: B3-2
Taxes: $13,878.12 / 2018
Sale Type: Owner/User/Investment
Traffic: ±16,116 VPD | Year 2018
22 Ward - Alderman Ricardo Munoz
Quick and easy access to I-55, I-290, I-90/94 Exp., and major thoroughfares such 26th Street, 22nd Street (Cermak Road) Cicero & Archer
Median Household Income Exceeding $32,795 within one-mile radius
Excellent Demographics | Population of 64,871 within-one mile of subject property