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5155 N broadway ST Chicago, IL 60640
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Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $145
MLS Listing ID 09987074
Sold Date 01/12/19
Year Built 1911
Annual Tax Amount $22,192
Tax Year 2016
Lot Dimensions 87.5X120
Property Sub-Type Mixed Use
Property Description
Incredible redevelopment opportunity on a prime corner mixed-use site in Uptown/Edgewater east of Andersonville. With 120' of frontage on Foster and 87.5' on Broadway this parcel has 10,500 SF of buildable land. Tenants are month-to-month with $107,000 in gross income ideal for new owner to keep tenants in place until ready to build new. C2-3 zoning permits commercial on the 1st floor and residential above. Potential for increased density and reduced parking under the TOD ordinance. The site is also in the Lawrence/Broadway TIF District expiring in 2025. Ideally located one block south of the CTA red line Berwyn stop, 1/2 mile west of Lake Shore Drive/Lakefront and 1/2 mile east of the Andersonville Clark Street commercial corridor. The Broadway corridor is active with new commercial and residential developments. Co-tenancy within 1/4 mile includes both national and local tenants. The area has strong demographics, density and traffic counts. Drive by and please do not disturb the tenants.
Location
State IL
County Cook
Area Chi - Uptown
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Water-Municipal, Water to Site
Roof Type Reflective Coating
Building
Structure Type Brick
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Bought with NON MEMBER
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