8501-8511 S Stony Island Avenue
Chicago, IL, 60617 $ 295,000
Baths0.0 Sq 4,690 Monthly Estimate*
$ 2,061
Studio
for $295,000. This 4,690 square foot building was built in 1925 on a lot size of 0.500987.
Prime Stoney Island Property Located in a TIF Zone: This newly remodeled medical office is seeking its next chapter with a versatile 7-room space, boasting a generously sized conference room stand ready to be reimagined. A welcoming reception and waiting area, plus two bathrooms, ensure a smooth flow for any venture and even include the existing furniture. But wait, there's more! This gem sits on five prime parcels of land, offering ample room for expansion. Think future phases, rooftop gardens, or even standalone outbuildings-the potential is truly limitless! This property basks in exceptional visibility and foot traffic. Bustling streets, diverse local businesses, and community events draw a lively crowd eager to connect. Plenty of parking sits ready to serve your patrons (a rarity in the area!), while overflow can utilize convenient nearby street parking. Picture this: A Salon Suite Oasis: Attract a diverse range of beauty and wellness professionals, creating a one-stop shop for Stony Island's self-care needs. Imagine massage therapists calming anxieties while stylists work their magic, all under one roof. A Tech HQ: Transform patient rooms into buzzing workstations, the conference room into a sleek brainstorming hub, and welcome the digital revolution to Stony Island! A Creative Oasis: Open the doors to a thriving art studio, dance academy, or co-working space, and nurture the artistic soul of the community. A Wellness Sanctuary: Reimagine the space as a medispa, yoga studio, massage therapy center, or holistic wellness haven, promoting health and well-being in every corner. This versatile haven, with its individual suite potential, expansive land, and prime location, offers an unmissable opportunity. So, unleash your creativity and watch this former medical office become the next Stony Island success story! Contact us today to schedule a tour and become a part of this dynamic neighborhood's exciting transformation!
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FeaturesGeneralCooling Central Air
Utilities Electric to Site Gas to Site Water-Municipal
Possession Closing
Zoning COMMR
Year Built 1925
Electric Circuit Breakers
Stories 1
Township Hyde Park
Property SubType Office
Tax Year 2022
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Office/Tech
Contingency Attorney/Inspection
Status Contingent
Directions South or North on Stony Island to Building
City Chicago
MLS Area CHI - Avalon Park
Lot Size Square Feet 21823
Street Name Stony Island
Tax Annual Amount 18912
Additional Parcels Y/N Y
Leasable Area 0
Days on Market 68
Standard Status Active Under Contract
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 4690
Lot Dimensions 139 X 157
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* Excluded FeaturesList ByLegacy Brokers GroupBroker
jessicakelly2011@gmail.com;Jessica@legacybrokersgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,061
- Monthly Property Taxes
- $1,576
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $844,520
Percent of Sale Price 186%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/1/2024 | $295,000 | | Listed Price |