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1619 South Michigan Avenue, Chicago, IL 60616

$79,900

  • For Sale
  • Active
  • Commercial
  • 10,000 Sq. Ft.
  • Updated 1 day ago
1619 South Michigan Avenue, Chicago, IL 60616View this property at 1619 South Michigan Avenue, Chicago, IL 60616
1619 South Michigan AvenueChicagoIL60616

Property Description

Awesome location for convenience store! New Casino machines add to revenue! Small 2,000 sf neighborhood convenience store (no alcohol allowed). Lotto, ATM revenue generators almost $60k passive income per year. They draw activity to spend on the inventory! Have your broker set an appointment or call listing broker for appointment. Employees not aware of sale. Please do not ask questions or discuss if you visit the store or walk by. Thank you in advance.

Full Property Detailsfor 1619 South Michigan Avenue

General

  • Price: $79,900
  • Taxes: $9,999 (2017)
  • Status: Active
  • Type: Commercial
  • MLS ID: 09919016
  • Updated: 4/23/2018
  • Added: 7 day(s) ago

Property History

  • 1619 South Michigan Avenue, Chicago, IL
  • Listed at $79,900 on 4/16/18

Business

  • Name: G&M FOODMART, INC.
  • Business Type: Grocery/Mini-Mart
  • Years in Business: 1 to 3 Yea
  • Food/Beverage: Other

Rental Information

  • Lease Info: Gross Lease

Interior

  • Interior Features: Other

Exterior

  • Exterior Features: Exterior Lighting, Courtyard, Other

Parking

  • Parking Features: Other
  • Parking: Other

Location

  • Area: CHI - Near South Side
  • County: Cook
  • Driving Directions: Michigan Ave south or north to the address in the south loop, east side of street
  • Location Details: Central Business District

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Heat/Individual Controls

Structural Information

  • Construction: Brick
  • Roof: Other
  • Stories/Levels: 3
  • Square Feet: 10,000
  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size (Sq. Ft.): 2000 - 3125
  • Lot Dimensions: 25 x 125
  • Lot Access: City Street
  • Potential Use: Commercial
  • Zoning: RTAIL

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Tax Amount: $9,999
  • Tax Year: 2017
  • Tenant Pays: Air Conditioning, Electric

Disclosures and Reports

  • Ownership: Corporation
  • Disclosures/Reports: Profit and Loss Statement
  • APN: 99999999999900

Listed by Hoff, Realtors

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Schools

Schoolsserving 1619 South Michigan Avenue

School District:Chicago Public Schools
School Name
Grades
Distance
South Loop Elementary School
1212 S Plymouth Ct, Chicago, IL 60605
PK-8
0.6 mi
Phillips Academy High School
244 East Pershing Rd, Chicago, IL 60653
9-12
2.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 1619 South Michigan Avenue

Listed by Hoff, Realtors

1619 South Michigan Avenue, Chicago, IL 60616 (MLS# 09919016) is a Commercial property. 1619 South Michigan Avenue is currently listed for $79,900 and was received on April 16, 2018. Want to learn more about 1619 South Michigan Avenue? Do you have questions about finding other Commercial real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.