Listing Summary
Versatile Mixed-Use Investment: 7,432 SF Three-Story Building in Chicago
Prime Value-Add Opportunity – Ideal for Retail, Office, or Residential Conversion
Full Description
Unlock the potential of this expansive 7,432-square-foot brick commercial building located at 1502 W. 79th St. Positioned prominently on the west side of busy Kedzie Avenue with 25 feet of frontage, this property offers exceptional visibility in a high-traffic corridor near the intersection of 79th and Ashland.
Property Features & Layout
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Commercial Potential: The ground level is currently configured as a former hair salon suite complex, featuring a reception area, 4 office suites, storage space, and a washroom. This level offers a blank canvas for a full renovation to suit retail storefronts, professional offices, or restaurant concepts.
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Residential Upside: The upper two floors contain two large apartment units, each featuring 3 spacious bedrooms, 1.5 bathrooms, a living room, a dining room, and a kitchen. These units are primed for comprehensive renovation to maximize rental income.
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Strategic Location: Situated in a dense commercial district, this property benefits from significant foot and vehicle traffic, ensuring high exposure for any business venture.
Investment Highlights
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Flexible Zoning: The building’s layout and location make it suitable for a wide array of commercial uses, including boutique retail, medical or professional offices, and dining establishments.
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High-Growth Area: Located in a bustling section of Chicago, this building provides a rare opportunity for developers and investors to acquire a significant footprint at an entry-level price point.
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Renovation Ready: Whether you are looking for an owner-user space with income-generating residential units or a total building repositioning project, this site offers limitless possibilities for value appreciation.
Quick Glance
- Listing ID:
CL-Illinois-27990
- Status:
Active
- Year Build:
1926
- Building Size:
7,432 SqFt
- Lot Size:
0 Acr