2708 N California Ave
Chicago, IL 60647
Office Property For Sale

Hot Hot Hot Logan Square mixed use at Hot location. 1/2 way between Diversey on the North and Logan Blvd on the South and across the street from a brand new Planet Fitness. Only 2 blocks S of the on/off ramp for California/Diversey/I-90/Kennedy. Walgreens, Starbucks and bountiful shopping near buy. Steps from Logan Blvd and Logan Square restaurants and night life. Only 2 blocks to the Blue Line EL. So this location really does have it all. Whether you want to live there, run a business or rent as an investment. Due to the versatile nature of this location it can be anything. Professional space, Restaurant. Retail. Many people have already "up developed " similar buildings near by. Large scale renovation and conversion projects. Could make somebody a dream restaurant. And if the location is great, the property is also great. 3-unit mixed use with 1675 sf of office space, including 4 private suites!!! 2nd floor has a 2 BR and a 1 BR renting for $1480 and $1265 respectively. There is a studio/lower level that rents for $400 and could probably fetch more. And there is $400 in signage income. All rents at market or slightly below. So there is plenty of rental revenue to defray monthly costs and make this a dynamite "business owner occupied" space vs renting from someone else and paying their mortgage. If you are a small business this is a chance to pay YOUR own mortgage and invest something in YOUR future. Dont look back!!! If you are an investor, the store/office rents for about $2000 +/- mo and if you add up all the revenue its a decent cap rate for this price and this location. Very stable renters, too. And easy to rent location. Its currently B1-2 but potential to upzone. Oversized 31' x 126' lot. And the cherry on the cake? a 1000 sf = 28' x 36' oversized 4-car garage. Perfect for delivery vehicles, mechanics and car buffs. Or just use as additional storage. The building is in great condition. Long term owner well maintained. The 2 rental units are recently rehabbed and all units have AC. This isnt a diamond in the rough. Its just a diamond. Add it to your gem collection today!!!!!