Great opportunity to acquire this Mixed-Use, Commercial building, with retail storefront use on the lower level as a full service restaurant and residential purposes within the upper 2 levels. The retail storefront provides for an ample-size restaurant business (known as Lalo's Restaurant) and the residential feature is composed of two apartment units: 2nd floor a full size, large 2-bedroom apartment, and 3rd floor also a large 2-bedroom apartment. The B3-2 zoning B3-2 provides allowance for a "Community Shopping" district, in a street which provides an Average Daily Traffic (ADT) of 18,400 vehicles and a Floor Area Ratio (FAR) of 2.2. This building is perfectly placed in the west side of what is considered as Chicago's "Other Magnificent Mile" - the second-highest grossing shopping district in Chicago. At most recent counts, this two-mile stretch on 26th St. brings in $900MM of annual revenue to the city; second only to the Magnificent Mile along Michigan Ave.
Central Individual, Partial, Window Unit/s
|Price Reduced (from $399,900)||$359,900||$40,000 (10.00%)|
|Active (from New)||–||–|
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Listing information last updated on September 21st, 2019 at 4:50pm CDT.