No images available for this property.
Active
999 N Confidential Avenue
Chicago IL, 60630
$2,849,000
$221.47 per sqft
Active
12,864 sqft
Commercial
Courtesy of Chicago Realty Professionals
This building has been completely remodeled 4 years ago. New plumbing, electrical, 2 HVAC rooftop units 10 tons each plus 2 units that are 5 tons each, new subfloors and floors, framing, facade, windows and much more. There are 2 existing businesses occupying the space and 1 additional business that can be opened soon. Deli, grill, and bakery with seating area was opened 4 years ago and this business comes with the building. The entire basement and part of first floor is USDA approved for meat processing and that business would not transfer with the building. However, once that business moves, the new owner can easily start their own USDA production. The deli area also had a packaged goods liquor license that was not renewed, but it can be easily reestablished. There is also a 99 seat restaurant that is not open but it could easily be opened. The current zoning C1-1 allows for many uses. All the equipment, ovens, commercial kitchen, deli cases, reach in coolers, walk in coolers and freezer are in great shape. The second floor is currently a 3,000 square office and the tenants are moving out by 12-31-2024. The owner has a plan to convert the office space into 3 residential rental apartments, this conversion is not included in the price. Real estate taxes are currently under protest but converting office space into residential units would bring the real estate taxes down even further. This property and the business has so much potential and upside. Current owners wish to focus on USDA wholesale production of their meat products and simply do not have enough time to devote to the retail store, deli, grill, bakery, and the restaurant. This property is located on the North side of Chicago, on a busy street (corner), and near 2 highways.
12187322
MLSⓇ ID
October 16, 2024
Listed
November 7, 2024
Updated
Map
999 N Confidential Avenue
Chicago IL, 60630
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Roof
Rubber
Other Property Details
Area Name
CHI - Jefferson Park
Taxes
$49,258
Tax Frequency
Annually
Days on Market
24
Garage
No
View
No
County
Cook
Pool
No
Zoning
COMMR
Courtesy of Chicago Realty Professionals, Dan Cvejic,
Listing Contact: 773-339-2058
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Jason Obeirne are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 11/7/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 5:12 PM UTC, 11/7/2024