2816 W. Cermak, Chicago, IL
Retail for Sale - $2,200,000 - 19,675 Sq. Ft.
Property Info
CIMLS# | 1043055 |
Location 2816 W. Cermak Chicago IL 60623 | |
Updated | April 2nd, 2019 |
Type | Retail |
Price | $2,200,000 |
Building | 19,675 Sq. Ft. |
Property Description
BUSINESS FOR SALE WITH REAL ESTATE! Large Retail Department Store & 5 residential units. High volume business has been in this location for 50 years. Nearly 15,000 square feet of first floor retail space & 5 residential units each approx 1,000 SQ FT. The location, size, and visibility of this business is unmatched. The business has grossed $2,000,000 in annual revenue when under direct management. Two large retail entrances open to their own 75' x 122' and 50' x 120' retail space connected through open walkway to form a 125' x 122' open retail environment. The listing includes 2806, 2814, & 2816 W. Cermak Rd. (two double and one single contiguous lots right on W. Cermak Rd and adjacent to S California Ave.) Zoned B3-2 in a busy community shopping district; The building features offices, inventory rooms and additional facilities. The five residential units bring in $41,400 per year in rental income with ability to substantially raise rent.
Financials
$2,000,000/year revenue when under active management