5703 Elston AveChicago, IL 60646

This exceptional 14,705 square foot redevelopment opportunity is situated on a heavily trafficked corner in Chicago's desirable Jefferson Park neighborhood, at the intersection of Elston and Central Avenues. The property boasts 150 feet of frontage on both streets, resulting in significant visibility and accessibility. Currently improved with a muffler/auto-repair shop (1,140 sq ft with two service bays and office/waiting area, leased for $4,592/month), a 1,200 sq ft commercial building, and a 3,125 sq ft lot with a fenced outdoor storage area, this site presents a unique chance for redevelopment. The B3-1 zoning allows for a variety of uses, including a mixed-use building incorporating retail and residential units, or a multi-tenant commercial structure. With a daily traffic count of 21,288 vehicles, this location offers unparalleled exposure. The dense urban population and strong demographics of Jefferson Park make this a prime investment opportunity. The asking price is $1,200,000.