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Listed by Vanessa Smithof Compass
$ 325,000
Est. payment /mo
Price Dropped by $25K
957 N Drake Avenue Chicago, IL 60651
3,360 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $96
MLS Listing ID 12451066
Year Built 1900
Annual Tax Amount $12,822
Tax Year 2023
Lot Dimensions 34x125
Property Sub-Type Retail/Stores
Property Description
Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space with curb cut, and an underutilized fenced patio area. One unit is currently rented to a convenience store tenant for $3000/mo, set to increase to $3500/mo in January 2026. Lease term through May 2027. The zoning is RS-3 and has a zoning variance for the store - there is an active business license. As long as this business license doesn't lapse for 6 months, it can be renewed. Buyer must verify all zoning details. The other spaces are currently used for owner storage. Lots of new construction and development in the area - there is a 6 unit building across the street currently under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. The vintage Coca Cola sign is excluded.
Location
State IL
County Cook
Interior
Cooling Central Air
Flooring Tile
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available
View Y/N true
Building
Water Municipal Water
Structure Type Brick
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