Commercial

INVESTOR SPECIAL!! Here's your unique opportunity for a value-add neighborhood mixed-use building in Skokie with excellent visibility on Main Street! The property is located at the corner of Main Street and Kimball Avenue and consists of twelve (12) studio units each with exterior entrances, a common laundry room with washer and dryer and ten (10) surface parking spaces in the parking lot. Each unit is approximately 20' x 20'. This mixed use building currently is being leased as eight (8) residential units, one (1) for commercial use and three (3) are currently used for storage. All leased units are month to month. The age of the building is unknown, but the building was built in two parts with the newer half of the building being the northside (adjacent to the parking lot). New ownership has the opportunity to bring the leases to market rates in addition to seeking the appropriate approvals and/or variances from the Village of Skokie in order to use all twelve (12) units for residential purposes.

Price
$875,000
Lot Size
0.16
Stories
3