Retail Property with 3-bed Apartment

Highlights:

• 3500 SF storefront retail with 1,260 SF basement (basement size not included in square footage).
• 1,500 SF apartment plus very large rooftop (approximately 865 SF)
• 100' Frontage on Milwaukee Avenue with driveways on both sides of property: 28,600 cars per day
• Significant streetscape improvements and city parking immediately adjacent
• Legal apartment lowers tax basis for commercial property
• 3 bedroom 1 bath apartment and easily added 2nd bath
• Main South school system
• Additional 9600 SF rear lot: 3 car garage and 18-20 cars available separately for $189,000

Description:

Retail property & large 3 bedroom apartment for sale. Property is directly adjacent to FREE CITY PARKING city provided front parking for customers - no taxes or maintenance on city parking! Significant parking, sidewalk and ingress/egress improvements in progress with Milwaukee Avenue re-surfacing. Interior ready for gut rehab and new concept: possibly brewery, day care, restaurant or other retail options. Smoker still in place for restaurant, brewery, or deli concepts. Strong potential for re-development. Occupy one unit and off-set costs by renting the other! Rear lot (triangular) with 18-20 car parking and 3 car garage available as well for an additional $189,000.

Excellent location in Niles steps from Harlem and Milwaukee Avenue intersection. Park Ridge school system (Main South). High traffic counts along Milwaukee in very pro-business municipality.

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