526 N Ashland Avenue
Chicago, IL 60622

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Description

RARE OPPORTUNITY TO ACQUIRE THIS 2,400 SQUARE FEET BRICK DISTRIBUTION WAREHOUSE ZONED B3-2 WITH OFFICES IN THE DESIRABLE WEST TOWN AREA. THIS COMMERCIAL PROPERTY FEATURES 4 OFFICES (3 SPACIOUS OFFICES ON THE 1ST LEVEL & 1 LARGE OFFICE ON THE 2ND LEVEL), STORAGE, WAREHOUSE & 1 FULL & 2 HALF BATHROOMS. CURRENTLY LEASED. RECENT UPGRADES INCLUDE NEW FRONT DOOR IN 2020, NEW HVAC & A/C IN 2023, NEW WATER HEATER IN 2020, NEW GARAGE DOOR OPENER IN 2024, AND NEW RUBBER ROOF IN 2022. WHETHER YOU CHOOSE TO OCCUPY THE PROPERTY OR INVEST IN ITS FULL POTENTIAL, THE POSSIBILITIES ARE ENDLESS. WITH RENTAL INCOME, THIS INVESTMENT IS SURE TO THRIVE. ENJOY CLOSE PROXIMITY TO GROCERY STORES (MARIANOS), COFFEE SHOPS, ENTERTAINMENT, DINING, METRA & I90.

Features

• Property Type: Commercial
• Sub Type: Industrial
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60622
• Year Built: 1920
• Sq.Ft.: 2,400 sq ft
• Stories: 2
• # Of Drive In Doors: 1
• # Of Tenants: 1
• Approximate Age: Older
• Building Area Total: 2400
• Built Before 1978 (Y/N): Yes
• Ceiling Hgt Max Ft: 16
• Ceiling Hgt Min Ft: 15
• Construction Materials: Brick
• Directions: NORTH AVENUE EAST FROM KENNEDY EXPRESSWAY TO ADA TURN LEFT TO 1686
• Electric: Service - 101 to 200 Amps
• Estimated Tax/Sf: 8.6
• Expense Year: 2024
• Fire Protection: Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
• Flooring: Tile
• Foundation Details: Concrete Perimeter
• Geographic Locale: Chicago West
• Gross Income: 4250
• Gross Rentable Area: 2035
• Gross Scheduled Income: 5100
• Heat/Ventilation: Forced Air
• Information: List Broker Must Accompany
• Investment (Y/N): Yes
• Leasable Area Units: Square Feet
• Location: Mixed Use Area
• Lot Size Square Feet: 2621
• Main Type: Commercial Sale
• Misc Inside: Storage Inside
• Operating Expense: 21718
• Ownership Type: Individual
• Property Offered: For Sale Only
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 20644.72
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Township: West Chicago
• Utilities: Electric to Site, Natural Gas Available
• Water Drainage: Floor Drains
• Water Source: Municipal Water