4231 W Madison ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60624
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12101784
Year Built 1908
Annual Tax Amount $4,958
Tax Year 2023
Lot Dimensions 50 X 125
Property Sub-Type Mixed Use
Property Description
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!
Location
State IL
County Cook
Area Chi - West Garfield Park
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 3