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INVESTMENT HIGHLIGHTS
- Spacious Bar
- Large commercial kitchen
- Open Floorplan
EXECUTIVE SUMMARY
Mixed-Use Investment Opportunity in the 19th Ward! Welcome to this standalone two-story mixed-use building offering a unique blend of commercial and residential income potential, perfect for a savvy investor or an owner-operator. Key Features: Mixed-Use Structure: The building features a spacious commercial unit on the ground floor and three residential units above, maximizing your rental income. Fully Operational Commercial Space: The first floor currently houses a fully operational restaurant with a bar and kitchen, including all essential equipment, providing an immediate, turnkey business opportunity. Residential Income: The second floor comprises three updated apartments, 2 of which are vacant, offering strong rental potential. Utilities: The property is set up for easy management, with separate gas and electric meters for each of the four units (three apartments and a commercial space). Building Details: A Freestanding brick structure was built in 1920 and also includes a basement storage and a private office for the commercial space.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,843 SF
Building Class
C
Year Built
1920
Price
$300,000
Price Per SF
$61.95
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.09 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 261400 120.55-3-16.001 | Total Assessment | $121,100 |
| Land Assessment | $13,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $107,900 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
261400 120.55-3-16.001
Land Assessment
$13,200
Improvements Assessment
$107,900
Total Assessment
$121,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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