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    400 71st Street

    Chicago, IL 60619
    • $489,000
    • STATUS: Active
    • ON SITE: 433 days
    • MLS #: 10370790
    UPDATED: 30 min ago
    $489,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,100
      SQFT
    • $80
      $/SQFT
    Type:
    Commercial
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Prime commercial corner property successfully run as a neighborhood grocery store for generations. This 6,100 SF free-standing building sits on six full size lots (18,750 SF) with 150 ft King Dr frontage and 125 ft 71st St frontage, existing curb cuts on both. Located in Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Easy access to the Edens Expressway and The Skyway. Building includes a massive walk-in cooler and an equally large walk-in freezer. There is a second walk-in cooler in a separated butcher area and a closed off kitchen area for on-site food preparation. The vacant lot adjacent to the building has room for 40 parking spots. Nearby intersection has 25,000+ VPD. Currently vacant but was generating $7,000/mo in rent for years. Ideal location for a grocery store, convenience store, dollar store or food franchise with possible drive-through. Zoned B3-1 - Community Shopping District which allows a maximum 22,500 SF building. Located in the 67th/Wentworth TIF District. The district is intended to foster new residential, commercial and mixed-use development investment opportunities.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2020-07-14T09:50:53.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    400 71st Street Chicago, IL 60619

    • Price: $489,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 10370790
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,100
    SQFT
    $80
    $/SQFT
    1941
    Built
    Neighborhood:
    Chi - Greater Grand Crossing
    County:
    Cook
    Area:
    Chi - Greater Grand Crossing
    Property Description
    Prime commercial corner property successfully run as a neighborhood grocery store for generations. This 6,100 SF free-standing building sits on six full size lots (18,750 SF) with 150 ft King Dr frontage and 125 ft 71st St frontage, existing curb cuts on both. Located in Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Easy access to the Edens Expressway and The Skyway. Building includes a massive walk-in cooler and an equally large walk-in freezer. There is a second walk-in cooler in a separated butcher area and a closed off kitchen area for on-site food preparation. The vacant lot adjacent to the building has room for 40 parking spots. Nearby intersection has 25,000+ VPD. Currently vacant but was generating $7,000/mo in rent for years. Ideal location for a grocery store, convenience store, dollar store or food franchise with possible drive-through. Zoned B3-1 - Community Shopping District which allows a maximum 22,500 SF building. Located in the 67th/Wentworth TIF District. The district is intended to foster new residential, commercial and mixed-use development investment opportunities.
    Exterior Features

    Lot Dimensions 150X125 Lot Sq Ft 18750 Number Of Parking Spaces 40 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Air Fire Protection Alarm On Site Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 31-50 Spaces

    Property Features

    Current Use Commercial Electrical Service 201-600 Amps Expense Year 2017 Gross Rental Income Amount 84000 Heat Ventilation Forced Air Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 6100 Net Oper Income Amount 57432 Net Operating Income Year 2018 Number Of Tenants 1 Property Offered For Sale Only Rental Price 0 Tax Year 2017 Taxes 25568 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialRepairs And MaintenanceScavengerWater/Sewer Total Annual Exp 26568 Total Annual Income 84000 Total Monthly Income 7000 Township Hyde Park

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Be Realty, Llc.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2020-07-14T09:50:53.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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