Chicago, IL 60659 3550 W Peterson Avenue

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Presented By: Crown Heights Realty
  • MLS# 11976446
  • 02/07/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 15,000

Home Details

2 story, 15,000 square foot office building situated on a 15,769 Square Foot = 0.36 AC = 157.6 X 100 lot. Building was purchased by a non-profit entity to tear down and build a new building. Ownership also owns the adjacent building just East of subject property at 3540 W. Peterson that's 50 X 100. These two properties can be combined for a large new development on a 207.6 X 100 foot lot. The existing building is rented to a dozen tenants but needs quite a bit of work. B2-1 Zoning: Neighborhood Mixed-Use District Retail storefronts, apartments allowed on the ground floor. Intended to spur development in commercial corridors with low demand for retail. FAR 1.2. Seller will only sell both buildings together.
Presented By: Crown Heights Realty

Interior Features for 3550 W Peterson Avenue

Other Interior Features

FlooringCarpet

General for 3550 W Peterson Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseCommercial
Days on Market15
DirectionsKimball to Peterson. Peterson to property. At the corner of Central Park
ElectricCircuit Breakers
Gross Income9498
Leasable Area15000
Lease TypeGross
Lot Size Square Feet15769
MLS AreaCHI - North Park
Net Operating Income100000
NumberOfUnitsTotal20
Operating Expense13976
PossessionClosing
Possible UseCondominium, Development, Multi-Family
Property SubTypeOffice
Property TypeCommercial Sale
Property TypeOffice/Tech
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount49922
Tax Year2022
Tenant PaysVaries by Tenant
TownshipJefferson
UtilitiesElectric to Site, Gas to Site, Water-Municipal, Water to Site
Year Built1971
ZoningCOMMR

Exterior for 3550 W Peterson Avenue

Building Area Total15000
ExteriorBrick, Glass, Sheltered Porch
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions158 X 100
Lot Size Acres0.36

Additional Details

Price History

Worth Clark

Price $1,399,770
MLS#11976446
List Date 02/07/2024
Property Type Commercial
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