$ 150,000
3111 S Archer AVE Chicago, IL 60608
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$ 150,000
Est. payment /mo
Active Under Contract
3111 S Archer AVE Chicago, IL 60608
1,500 SqFt
UPDATED:
08/17/2024 08:31 AM
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $100
MLS Listing ID 12039726
Year Built 1938
Annual Tax Amount $4,680
Tax Year 2022
Lot Dimensions 50X18X37X22
Property Description
Pearson Realty Group been exclusively retained to sell 3 parcels at the SW corner of Ashland Ave and Archer Ave. The MLS ID's for the other 2 properties are #12039763 and #12039782. These 3 properties can be purchased individually, or all together as a package at a discounted price. This is a high traffic location with 26,500 VPD on Ashland and 23,400 VPD on Archer. Directly east across Ashland Ave is a Mariano's Anchored Retail Shopping Center. Commercial neighbors of this property include JC Licht/Ace Hardware, H&R Block, Subway, Burger King, O'Reilly Auto Parts, White Castle, Dollar Tree, T Mobile, Popeyes, Sherwin Williams, GNC, Great Clips, and Mattress Firm. The 1st of the 3 parcels, which is located at 3111 S. Archer, is a one story retail location with a finished basement. The first floor is all open space and the basement area has the same footprint, but includes 2 private rooms with sinks, and a 2 separate bathrooms. The billboard on the roof of this bldg is owned by Clear Channel and they have a easement in perpetuity and own the air rights. In a deal inked many years ago, the owner of this property derives no rental income from that billboard or from any lease payments for the easement. This property is being sold "as-is, where-is" and is offered for sale individually for $150,000. This space - and only this space - is also being offered for lease at $1800/mo on a gross basis.
Location
State IL
County Cook
Area Chi - Mckinley Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by David McLennan • Pearson Realty Group