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8804 S Commercial Ave
Chicago, IL 60617
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Blank canvas at superb price
  • Area is about to take off with new Quantum Computer site next door (on former US Steel Mills)
  • Flexible open space suitable for many uses

EXECUTIVE SUMMARY

Beautiful Two-story rock solid brick mixed use building with newer thermal pane windows, roof/skylight, rolling retail shutters in front and electric gate in back. Both main ground floor and 1st floor are set up are open space. Each floor is approx. 6,250 sq/ft. There is also a full basement for additional usage or storage. The space is currently a blank canvas. Includes unused freight elevator at rear. Located in South Chicago's Commercial Ave., which from 83rd to 87th boasts flourishing mom and pop stores, and various ethnic cuisines. 87th to 95th are home to a growing number of corporations, businesses, non-profits and banks. Located in Special Business Area 5 and eligible for interior buildout grants, front facade and security grants. This building has many potentials uses from a thriving retail business or restaurant business on the main ground floor to an Art gallery on the 1st floor. Under additional Information you will find blueprints to build out the space for 25 incubator work booths, a dining area and two prep kitchens. (one of many potential uses for this building) The new Quantum computing and Microelectronics Park project has just been announced and stands to transform the U.S. Steel South Works property and the overall area into a hive of activity - see Crain's news articles in additional information. The Quantum site is 5 mins from this building. The 87th street South Chicago Metra line is only a 5 mins walk away from the building and runs to downtown Chicago. This huge building offers a great opportunity at a really really affordable price.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,152 SF
Building Class
C
Year Built
1907
Price
$250,000
Price Per SF
$20.57
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.74
Lot Size
0.16 AC
Zoning
B1-2 - Flexible zoning
Frontage
50’ on Commercial Ave

AMENITIES

  • Commuter Rail
  • Fenced Lot

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-06-209-023-0000
Land Assessment
$5,213
Improvements Assessment
$15,144
Total Assessment
$20,357
  • Listing ID: 33537238

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 8804 S Commercial Ave, Chicago, IL 60617

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