9200 Commercial AveChicago, IL 60617

This exceptional value-add opportunity presents a 48,000 square foot storefront retail building located at 9200 S. Commercial Avenue in Chicago, Illinois, zip code 60617. The property, situated in the heart of a vibrant South Chicago neighborhood, enjoys a prime location just four blocks from Lake Michigan and offers convenient access to Chicago's downtown via public transportation. The building features seven retail units currently at 75% occupancy, including a dentist's office and a daycare center, providing a stable stream of existing rental income. Long-term tenants contribute to the property's consistent cash flow. The upper four floors of the mixed-use building present a significant value-add opportunity for renovation and lease-up, allowing for the creation of additional income streams by achieving market rents. This property has been under the same ownership for two decades, offering a unique chance to acquire a well-established asset with substantial upside potential. The asking price for this strategically located retail investment is $2,000,000. This corner location at 9200 S. Commercial Avenue provides excellent visibility and accessibility. The property's strong existing tenant base, combined with the potential for significant improvements to the upper floors, makes this an attractive investment for those seeking a high-return opportunity in a rapidly developing area of Chicago.