5920 West Irving Park RoadChicago, IL 60634Price: $650,000

  • Price: $650,000
  • 289 Days on Market
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Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 7,300Square Feet
  • 1930Year Built

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Introducing 5920-22 W Irving Park Rd, Chicago, IL 60634, a unique commercial opportunity in the heart of Chicago's bustling Irving Park neighborhood. This versatile property, formerly a liquor store and adjoining laundromat and dry cleaner, offers endless possibilities for your next business venture. The previous liquor store has a large fixed walk-in cooler and 2 walk-in freezers and a restaurant hood. The laundromat/dry cleaners has many of the built-in items and pre-plumbing. Situated on a prominent corner lot with high visibility and traffic, this 7300 sq ft space is perfect for a variety of retail or service-oriented businesses. The property is currently vacant, providing a blank canvas for you to customize and transform into your dream establishment. With large natural gas, electrical heavy power and large water supply the space could be used a grocer, laundromat, dry-cleaner or as a multiple Ghost-kitchen, bakery, or restaurant. There are also plans for a mixed-use new construction with 1 commercial space and 8-units available and can be shared by request. The former liquor store area features an open floor plan, allowing for easy adaptation to suit your specific needs. Large storefront windows provide ample natural light and excellent visibility for your business. The adjoining laundromat and dry cleaner space offers additional square footage, ideal for expanding your business or leasing out to generate additional income. Located in a densely populated area with a strong mix of residential and commercial properties, this property benefits from a steady flow of foot traffic and a hard corner with lots of street parking. The surrounding neighborhood is home to a diverse array of shops, restaurants including Giordano's Pizza, and services, ensuring a vibrant and thriving community. With convenient access to public transportation, including the CTA Blue Line and multiple bus routes, this property is easily accessible for both customers and employees. Additionally, the property is just a short drive from the Kennedy Expressway (I-90), providing quick and easy access to downtown Chicago and the surrounding suburbs. Best for last, there is a $150k SBIF Grant available now. Don't miss this exceptional opportunity that now may be eligible for for a TIF Grant from the City of Chicago due to it being in the TIF Corridor.

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Listed by Simon Enwia of Flawless Homes,Inc

Based on information submitted to MRED  as of April 20, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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