8941 S Western Avenue Chicago, IL $ 269,999
8941 S Western Avenue
$ 269,999
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8941 S Western Avenue

Chicago, IL, 60620
$ 269,999
Baths0.0

Monthly Estimate*

$ 1,886

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Studio

Commercial Property for sale in Chicago, IL

for $269,999. This building was built in 1956 on a lot size of 0.081956.

"As-Is Sale" This is a opportunity to own a unique commercial property. This versatile office style building, situated in a prime location, which offers a remarkable opportunity for savvy investors or business owners. Positioned on Western Avenue, this property benefits from high visibility and accessibility, thanks to its proximity to major retail outlets like Menards and Walmart. This strategic location not only guarantees a steady flow of potential clients but also provides excellent convenience and exposure. With the property dual-side layout, the property caters to a diverse range of business needs-from office spaces to specialized services like barber shops or dental practices. The 8941 side boasts a waiting and reception area, four offices, and two bathrooms while the 8943 side features a spacious main area, four individual offices, and a bathroom. Both sections share a convenient kitchen and a compact file room, making it ideal for various ventures. Due to recent water damage caused by burst pipes, the property requires a comprehensive gutting and rehabilitation. This presents a unique chance for investors to remodel and customize the space. Prior to the water damage, the roof was completely redone in 2021, AC (2021), and the furnace has been enhanced with a new control board. This property represents a blend of opportunities-ideal for those looking to invest in a space with potential for high returns through refurbishment and strategic location. Whether you're aiming to establish your own business or lease spaces to others, this commercial building offers the flexibility and potential to realize your vision. It is incumbent upon the buyer to conduct their own comprehensive due diligence regarding the property.

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Commercial Active

Price

$ 269,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,952

Style

Office

Lot Size

0.081956

Year Built

1956

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12023077

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1956
Electric Circuit Breakers
Tenant Pays Insurance
Stories 1
Township Lake
Property SubType Medical Office Other
Tax Year 2022
Current Use Office Other
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Office/Tech
Possible Use Office and Research
Status Active
Directions 95th Street to Western north to property. Parking in rear.
City Chicago
Total Units 8
MLS Area CHI - Beverly
Lot Size Square Feet 3570
Street Name Western
Tax Annual Amount 12952.1
Additional Parcels Y/N Y
Leasable Area 0
Days on Market 7
Lease Type N/A
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 0
Lot Dimensions 61 X 121
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Z.A.S. Consulting, Inc.

Broker

sip@zasconsultinginc.com

Email

Affordability Calculator

$2,965
Per Month
64%
36%
0%
Monthly Principal & Interest
$1,886
Monthly Property Taxes
$1,079
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.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2024$269,999 Listed Price

Map


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8941 S Western Avenue, Chicago, IL, 60620 is a Commercial Property for sale at $269,999 with a lot size of 0.081956. 8941 S Western Avenue is a studio with 0.0 baths and was built in 1956. The property's zip code is 60620 which is in Chicago, IL