7820 - 7832 S ASHLAND Avenue Chicago, IL $ 579,900
7820 - 7832 S ASHLAND Avenue
$ 579,900
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7820 - 7832 S ASHLAND Avenue

Chicago, IL, 60620
$ 579,900
Baths0.0 Sq 2,000

Monthly Estimate*

$ 3,473

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Studio

Commercial Property for sale in Chicago, IL

for $579,900. This 2,000 square foot building was built in 1992 on a lot size of 0.675505.

IDEAL BUSINESS OPPORTUNITY FOR INVESTORS OR BUSINESS OWNER IN AUBURN GRESHAM. THE PROPERTY IS LOCATED ON BUSY ASHLAND AVE WITH PLENTY OF DAILY TRAFFIC. THIS COMMERCIAL PROPERTY ON A 29,000 SQUARE FOOT LOT HAS THREE BUSINESSES THAT ARE FULLY LEASED. SET UP AS A TURNKEY INVESTMENT BUT CAN BE PERFECT FOR AN OWNER OPERATOR. THE BUSINESSES ARE THE ESTABLISHED MECHANIC SHOP/AUTOMOTIVE CENTER, HAIR SALON, FAST FOOD RESTAURANT. THE MECHANIC SHOP FEATURES 5 MECHANIC BAYS, AN OFFICE, EMPLOYEE ROOM,STORAGE BACKROOM, AND A BATHROOM. THE SALON HAS A CUSTOMER WAITING AREA, A LOUNGE AREA WITH WASH STATION AND (4) PRIVATE ROOMS THAT HOLD (2) STATIONS EACH AND A BATHROOM. THE RESTAURANT IS SET UP AS TAKE OUT , TO GO FOOD RESTAURANT WITH COUNTER TOP SPACE FOR MINIMAL DINING. BIG KITCHEN HAS REAR STORAGE, WALK IN FREEZER, MANAGER OFFICE AND COOKING STATION FOR 3 PEOPLE, ALONG WITH SPACIOUS CUSTOMER SERVICE COUNTER. THIS COMMERCIAL PROPERTY OFFERS AN EXCEPTIONAL OPPORTUNITY FOR BUSINESS OWNERS AND INVESTORS. THIS MIXED USE COMMERCIAL SPACE IS IDEAL FOR A VARIETY OF BUSINESS VENTURES. EXTERIOR OF THE BUILDING HAS PLENTY OF PARKING FOR OVER 20 CARS. ENOUGH SPACE FOR CLIENTS. THE PROPERTY ALSO HAS A SECURITY GATE. PROPERTY PREVIOUSLY HAD A CARWASH AND CAN ALWAYS BE REPURPOSED. NEW 25K MARQUEE SIGN WITH LIGHTS. ALSO NEW BLACK TOP.

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Commercial Active

Price

$ 579,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 19,741

Style

Lot Size

0.675505

Year Built

1992

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12060586

Features
General
Cooling Partial
Utilities Electric to Site Gas to Site Water-Municipal
Zoning MANUF
Construction Materials Brick Block
Year Built 1992
Electric Three Phase
Tenant Pays Air Conditioning Electricity Heat Sewer
Stories 1
Property SubType Automotive Other Restaurant Shopping Center Strip Center
Tax Year 2022
County Cook
Net Operating Income 52800
Insurance Expense 2700
Property Type Commercial Sale Retail/Stores
Status Active
Directions DRIVE NORTH/SOUTH ON ASHLAND TO PROPERTY. PROPERTY ON THE WEST SIDE OF THE STREET.
City Chicago
NumberOfUnitsTotal 3
MLS Area CHI - West Englewood
Lot Size Square Feet 29425
Tax Annual Amount 19741
Additional Parcels Y/N Y
Leasable Area 2000
Days on Market 88
Standard Status Active
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Interior
Flooring Concrete Tile
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2000
Lot Dimensions 275X107
Exterior Brick Block
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* Excluded Features
List By
Re/Max Mi Casa

Broker

BROKERLTM@GMAIL.COM

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Affordability Calculator

$5,118
Per Month
68%
32%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$1,645
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2024$579,900 Listed Price

Map


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7820 - 7832 S ASHLAND Avenue, Chicago, IL, 60620 is a Commercial Property for sale at $579,900 with 2,000 sqft and a lot size of 0.675505. 7820 - 7832 S ASHLAND Avenue is a studio with 0.0 baths and was built in 1992. The property's zip code is 60620 which is in Chicago, IL