$624,990
4231 W Madison Street
Chicago, IL, 60624
Prime Mixed-Use Investment Opportunity – High-Traffic Location, Low Taxes, Strong ROI Potential Unlock the potential of this 10,500 SF mixed-use commercial property-an exceptional asset for investors, developers, and business owners seeking a high-visibility location with low operating costs and strong income potential. Priced competitively at 59 dollars per SF, this property delivers immediate cash flow with long-term appreciation potential. Property Highlights: Main Level – High-Exposure Storefront The expansive ground-floor retail space features floor-to-ceiling windows, maximizing foot traffic and visibility. Open-concept design, high ceilings, and flexible configurations make it ideal for retail, showroom, or hospitality ventures. Upper Levels – Value-Add Income Stream The second and third floors offer prime leasing opportunities, perfect for office spaces, creative studios, or residential conversions zone B-2. Multiple points of entry allow for seamless tenant separation, enhancing rental income potential. Key Investment Metrics: Competitive Price per SF – Below Market Value Low Property Taxes – Maximizing Operating Income Prime Location – High Traffic Counts & Strong Demographics Flexible Usage – Adaptable to Market Demands This versatile, potential income-generating property is a rare opportunity to secure a high-yield commercial asset in a thriving area. Whether you’re an investor looking for stable returns or a developer ready to optimize the space, this property offers exceptional upside potential. VERY MOTIVATED SELLER PRICE IS NEGOTIABLE! Serious investors and developers – Schedule a private tour today!
Property Details
Price:
$624,990
MLS #:
MRD12101784
Status:
Active
Beds:
0
Baths:
0
Address:
4231 W Madison Street
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – West Garfield Park
City:
Chicago
Listed Date:
Jul 11, 2024
State:
IL
ZIP:
60624
Year Built:
1908
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2023
Taxes
$4,958
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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4231 W Madison Street
Chicago, IL
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