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$450,000
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Property Description
(Former Standard Bank Branch)Free Standing +/-2,500sf building with drive thru on a +/-25,950sf site (lot dimensions are 150' x 173'). There is 150 ft of frontage on Torrence Ave. there is pylon signage on the site. The property is ideal for similar use, office, fast food or retail redevelopment. The area is densely populated and there are high traffic counts on Torrence and 106th St. New retail development in the area includes Dunkin Donuts, Subway, FHS Medical building and more to come.
Full Property Details
Full Property Details for 10535 S Torrence Ave
General
- Price: $450,000
- Taxes: $9,117 (2019)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 11167497
- Updated: 5/29/2025
- Added to Site: 1, 453 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Location
- Area: CHI - South Deering
- County: Cook
- Township: Hyde Park
- Driving Directions: Take Torrence Ave to 10525
- Location Details: Central Business District, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Brick/Mortar
- Roof: Membrane
- Stories/Levels: 1
- Square Feet: 2,500
- Current Bldg. Use: Commercial
- Year Built: 1990
Lot Features
- Lot Size (Sq. Ft.): 25,950
- Lot Dimensions: 150 x 173
- Frontage: City Street, State Road
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm On Site
- Assessment Year: 1990
- Tax Amount: $9,117.66
- Tax Year: 2019
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 26073120040000
Listed by Network Property Managment LLC
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Schools
Schools serving 10535 S Torrence Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
10740 S Calhoun Ave, Chicago, IL 60617 | PK-8 | 0.3 mi | |
3535 E 114th St Ste 1, Chicago, IL 60617 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10535 S Torrence Ave
Date
Details
Price
Change
Source
1/05/2025
Price Reduced
$450,000
-5.26%
MLS
2/02/2024
Price Reduced
$475,000
43.94%
MLS
12/08/2021
Sold
$330,000
-56%
Public Record
7/24/2021
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 10535 S Torrence Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,675
3%
$55,199
—
2022
$11,387
56%
$55,199
52%
2021
$7,310
-1%
$36,249
9%
2020
$7,415
11%
$33,206
—
2019
$6,689
-7%
$33,206
-9%
2018
$7,210
134%
$36,407
30%
2017
$3,082
-45%
$27,916
—
2016
$5,605
-39%
$27,916
-44%
2015
$9,167
6%
$49,903
8%
2014
$8,622
2%
$46,353
—
2013
$8,450
1%
$46,353
—
2012
$8,336
—
$46,353
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 10535 S Torrence Ave
10535 S Torrence Avenue, Chicago, IL 60617 (MLS# 11167497) is a Commercial property. 10535 S Torrence Avenue is currently listed for $450,000 and was received on July 24, 2021. Want to learn more about 10535 S Torrence Avenue? Do you have questions about finding other Commercial real estate for sale in South Deering? You can browse all South Deering real estate or contact a Coldwell Banker agent to request more information.