Commercial: MLS #12511042 Chicago, IL ^$ 700,000

Commercial: MLS #12511042

^$ 700,000

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Commercial: MLS #12511042

Name: address
Address: IL, 60612

Chicago, IL, 60612

^$ 700,000

Bedrooms-- Baths-- Sq 3,700

Monthly Estimate*

^$ 4,310

Commercial Property for sale in Chicago, IL

for $700,000. This 3,700 square foot building was built in 1894 on a lot size of 0.057392.

Extra wide Work/live property on the Northeast corner of Grand and Claremont with excellent light and high ceilings on both floors. The first floor (2500 SF) fills the 25' x 100' lot and the first floor is currently used as an artist's studio. There are 2 large work areas which could be rented separately, a full bath and a huge garage with an additional shop area. The second floor is approximately 1700 SF with two bedrooms, both of which have large primary bathrooms. The handsome interior was architecturally designed approximately 20 years ago but now needs work. This excellent building is in an great neighborhood with fine restaurants and boutiques, antique shops, galleries, etc. It is close everything: entertainment venues in the Fulton Market area, River North, UK Village, Wicker Park et al. Selling "AS IS". Zoned B2-2. See description and floor plans in "Additional Info".

Commercial Contingent

Price

^$ 700,000

Property Type

Commercial

Taxes

^$ 13,900

Style

Lot Size

0.057392

Year Built

1894

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12511042

Features

General

Cooling Central Air

Utilities Electric to Site Natural Gas Available Water Available

Possession Closing Negotiable

Zoning OTHER

Construction Materials Brick

Year Built 1894

Electric Circuit Breakers Separate Meters Service - 101 to 200 Amps

Stories Count 2

Tax Year 2023

Gross Income 0

County Cook

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Contingency Attorney/Inspection

Status Contingent

Directions East of Western on Grand Avenue. NE corner of Grand and Claremont.

City Chicago

Number Of Units Total 2

MLS Area CHI - West Town

Lot Size Square Feet 2500

Tax Annual Amount 13900

Electric Expense 4123

Fuel Expense 2980

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active Under Contract

Interior

Flooring Concrete Varies Wood

Exterior

Water Source Municipal Water

Building Area Total 3700

Lot Dimensions 25x100

* Excluded Features

List By

Wenger Properties

Broker

jane@wengerproperties.com

Affordability Calculator

$5,468

Per Month

Monthly Principal & Interest: $4,310
Monthly Property Taxes: $1,158
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$961,314

Percent of Sale Price 37%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/13/2026	$700,000		Listed Price

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Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 2/22/2026.

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Commercial: MLS #12511042

Commercial Property for sale in Chicago, IL

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