3547 Chestnut Ave 2,094 SF 100% Leased Retail Building Baltimore, MD 21211 $200,000 ($95.51/SF)

LIST PRICE IS OPENING BID AT ONLINE AUCTION TO BE CONDUCTED ON AUCTIONEER'S WEBSITE.
LINK TO ONLINE AUCTION: https://realestate.alexcooper.com/lots/view/1-DDIQGJ
3547 Chestnut Ave – Mixed-Use Opportunity in Hampden | Income Potential on Every Level!
Presenting 3547 Chestnut Ave, an excellent investment opportunity in Baltimore City’s iconic Hampden neighborhood. This mixed-use property offers the potential for multiple income streams, with a commercial space on the main level, a residential apartment above, and additional revenue potential in the lower level.
The main level is currently rented as a dance studio for (rented for $1,800/month), providing an established commercial use with an open and adaptable floor plan well suited for a variety of creative, wellness, fitness, retail, or studio-oriented uses.
The upper level features a separate residential apartment, (formerly rented for $1,550/month) offering an additional rental income opportunity and creating a versatile live/work or multi-tenant configuration.
The lower level provides additional space with the potential for a third revenue stream. This level was formerly rented for $700/month, presenting an opportunity to restore an additional income-producing use, subject to applicable approvals and licensing requirements.
Located in the desirable Hampden neighborhood, 3547 Chestnut Ave is surrounded by local restaurants, shops, businesses, and entertainment, with convenient access to The Avenue and other Baltimore City amenities.
With income potential on each floor and a flexible mixed-use configuration, 3547 Chestnut Ave is an attractive opportunity for investors or owner-users looking to capitalize on one of Baltimore’s most recognizable and sought-after neighborhoods.
Lease Information: (First Floor)
Lease Start Date: August 22, 2019
Lease Term: extended through January 31, 2027
Monthly Rent: $1,800
Annual Rent: $21,600
Tenant pays all utilities.
Property Setup
Main Level: (rented for $1,800/mo)
Studio Space
Office Area
Restroom
Upper Level:(vacant)
1 bd/1ba Apartment (formerly rented for $1,550/mo)
Lower Level: (vacant)
Unfinished Basement/ Flex Space (formerly rented for $700/mo)
Note: Potential gross annual rent is estimated based on full building occupancy. Currently, only the main level of the property is rented.
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information.
Gallery Auction: A bidding deposit of $10,000 per lot is required for Lots 1 through 3. If you intend to bid on the entire group (Lots 1–3), a single deposit of $10,000 must be submitted via wire transfer or credit card hold. Bidders for the entirety must show auctioneer Proof of Funds and must be pre-approved in the auctioneers sole discretion.
Manner of Sale: This property will be sold through a Multi-Lot Auction consisting of three individual lots. Each lot will first be offered separately, followed by a combined offering of Lots 1–3 as an entirety. The seller reserves the right to accept the bid they deem most favorable, whether for individual lots or the entirety.
Winning Bidder Notification: The winning bidder for each lot will be notified shortly after the conclusion of the entirety auction. An email with the official auction results will be sent by a member of the Alex Cooper team—Courtney Hicks, or Mollie Ryan—from one of the following addresses: courtney@alexcooper.com, or mollie@alexcooper.com.
Important: While the auction platform may indicate a winning status at the close of bidding for each property, final results are not confirmed until you receive official verification via phone call or email from the Alex Cooper transaction team.
Diligence Package: A copy of the purchase and sale agreement and assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement.
Auction Notes: Online Auction Only! Bidding begins Friday, September 25th at 11:00 AM and ends Wednesday September 30th, 2026 starting at 11:00AM.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.