957 N Drake Avenue Chicago, IL 60651
Retail
MLS #: 12451066
Courtesy Of Compass Real Estate
Property InformationDescription
Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space, and an underutilized fenced patio area. A potential for 3 units - must verify with zoning expert. One unit is currently rented to a convenience store tenant for $3000/mo, set to increase to $3500/mo in January 2026. Lease term through May 2027. The zoning is RS-3 and has a zoning variance for the store - there is an active business license. As long as this business license doesn't lapse for 6 months, it can be renewed. The other spaces are currently used for owner storage. Lots of new construction and development in the area - 6 unit building across the street is under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. Vintage Coca Cola sign is excluded.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 3
- Cooling System: Central Air
- Floor Covering: Tile
- MLSID: 12451066
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