2036 W 79th Street, Chicago, IL 60620

  • $875,000
  • $875,000
2036 W 79th Street, Chicago, IL 60620
  • Commercial Sale
  • Property Type
  • 1960
  • Year Built
For Sale
2036 W 79th Street, Chicago, IL 60620
  • $875,000
  • $875,000

Overview

Property ID: 24416450
  • Commercial Sale
  • Property Type
  • 1960
  • Year Built

Description

Discover the exceptional investment opportunity at 2036 W 79th St, Chicago, IL 60620. This strategically located two-story commercial facility boasts a generous 12,690 square feet of gross building area on a sprawling 0.76-acre lot. Built in 1960, this versatile property includes a large chapel, multiple viewing rooms, office spaces, and a substantial parking lot, offering unparalleled operational efficiency and convenience. Situated in the bustling Auburn Gresham neighborhood, this property enjoys outstanding visibility and accessibility from major thoroughfares, including 79th Street, Western Avenue, and Ashland Avenue, with easy access to Interstate-94. The expansive 33,174 square foot site provides ample space for potential expansion or redevelopment, making it a prime candidate for a variety of commercial uses. Currently utilized as a funeral facility, this turnkey opportunity is perfect for similar service providers or can be easily adapted for other commercial ventures. The property’s B1-1 Neighborhood Shopping District zoning supports a wide range of retail and commercial activities, making it an ideal choice for real estate developers seeking to diversify their portfolio. Investors and government agencies will appreciate the property’s redevelopment potential for community-enhancing projects. The City of Chicago offers significant incentives to buyers, including the Neighborhood Opportunity Fund, which finances commercial and cultural projects in neighborhoods that lack private investment, using revenue generated from downtown development. Additionally, this property qualifies for the City of Chicago’s Small Business Improvement Fund (SBIF), promoting economic development by providing small businesses and property owners with reimbursement grants for permanent building improvement costs. Seize this unparalleled opportunity to invest in a property with both immediate operational benefits and long-term developmental prospects. DO NOT DISTURB STAFF.

  • Address 2036 W 79th Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60620
  • Country United States

Details

Updated on August 23, 2024 at 4:42 am
  • Property ID: 24416450
  • Price: $875,000
  • Year Built: 1960
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 12690
  • MLS#: MRD12132970
  • Office Name: MOHALL COMMERICAL & URBAN DEVELOPMENT
  • Agent Name: Moses Hall
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD87295
  • List Agent MLSID: MRD875865
  • List Date: 2024-08-08T03:17:33.000Z
  • Cooling: Central Air
  • Tax Annual: 48286
  • Tax Year: 2022
  • Flooring: Carpet,Tile,Vinyl
  • County: Cook
  • Property SubType: Free Standing Store,Neighborhood Storefront,Shopping Center,Strip Center

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