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$ 624,990
Est. payment /mo
Active
4231 W Madison Street Chicago, IL 60624
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12101784
Year Built 1908
Annual Tax Amount $4,958
Tax Year 2023
Lot Dimensions 50 X 125
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Investment Opportunity - High-Traffic Location, Low Taxes, Strong ROI Potential Unlock the potential of this 10,500 SF mixed-use commercial property-an exceptional asset for investors, developers, and business owners seeking a high-visibility location with low operating costs and strong income potential. Priced competitively at 59 dollars per SF, this property delivers immediate cash flow with long-term appreciation potential. Property Highlights: Main Level - High-Exposure Storefront The expansive ground-floor retail space features floor-to-ceiling windows, maximizing foot traffic and visibility. Open-concept design, high ceilings, and flexible configurations make it ideal for retail, showroom, or hospitality ventures. Upper Levels - Value-Add Income Stream The second and third floors offer prime leasing opportunities, perfect for office spaces, creative studios, or residential conversions zone B-2. Multiple points of entry allow for seamless tenant separation, enhancing rental income potential. Key Investment Metrics: Competitive Price per SF - Below Market Value Low Property Taxes - Maximizing Operating Income Prime Location - High Traffic Counts & Strong Demographics Flexible Usage - Adaptable to Market Demands This versatile, potential income-generating property is a rare opportunity to secure a high-yield commercial asset in a thriving area. Whether you're an investor looking for stable returns or a developer ready to optimize the space, this property offers exceptional upside potential. VERY MOTIVATED SELLER PRICE IS NEGOTIABLE! Serious investors and developers - Schedule a private tour today!
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Jazmine Little • Coldwell Banker Realty