Property Listing No Longer Available for Sale

5354 - 5356 W Grand Ave, Chicago, IL

Industrial for Sale - $380,000 - 6,500 Sq. Ft. on 0.13 acres


Property Info

CIMLS#897199
Location
  5354 - 5356 W Grand Ave
  Chicago IL 60639
UpdatedDecember 20th, 2016
TypeIndustrial
Price$380,000
Building6,500 Sq. Ft.
Land0.13 acres

Property Description

This mixed use, two parcel, value added property is an ideal live/work property with tenant income in place. This 2 story building is approximately 5,650 SF on a 6,250 SF site. The property consists of: 1 street level office/showroom, a full finished basement with plumbing in place for a bathroom, a first floor 3 bed/1 bath apartment, 2nd floor 3 bed/1 bath apartment and another 1 bed/1 bath unit with the ability to build a rooftop deck. In addition, there are 2 attached garages that house 8+ cars with an office and 2 bathrooms and a front lot for an additional 12 cars. There is one drive in door on Grand Ave and and two drive in doors in the rear for alley access.

Location Description:

Located in Chicago's Northwest Industrial Corridor in the Belmont-Cragin neighborhood.

50' Frontage on Grand Avenue with over 14,700 vehicles per day passing by .

Easy Access to Eisenhower I-290 Expressway and O'Hare International Airport.

The Grand Ave CTA Bus provides quick access to downtown Chicago and the Metra Train.

The Brickyard Shopping Mall and AMC Theaters are minutes away.

Highlights:

>> Mixed use property consists of one storefront/office, two 5 room units, one loft/ studio, a full finished basement, two connecting garages for 8+ vehicles and a 12 car front parking lot

>> C-1 zoning allows for the property to be used for a wide variety of uses including automotive repair and sales

>> Value added investment property with current monthly income of $1,600.

>> Centrally located close to O'hare Airport, and I-290 for easy access to downtown Chicago and Western suburbs

>> Grand Ave CTA bus to Navy Pier, North/Cicero Metra Station and Blue Line CTA

>> Close to the Brickyard Shopping Mall and AMC Theaters

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Financials

Sales Info:

>> Commision split: 50.0%