Property for Sale: 400 E 71st, Chicago, IL 60619 SOLD

$410,000
$410,000
400 E 71st, Chicago, IL 60619 SOLD
$410,000
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Selling Price: $410,000
Original List Price: $599,000
Sold at 68.4% of list price
Sold Date: 12/11/2020

Type Commercial
Year Built 1941

City Chicago
County Cook

MLS 10370790
Status Closed
Prime commercial corner property successfully run as a neighborhood grocery store for generations. This 6,100 SF free-standing building sits on six full size lots (18,750 SF) with 150 ft King Dr frontage and 125 ft 71st St frontage, existing curb cuts on both. Located in Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Easy access to the Edens Expressway and The Skyway. Building includes a massive walk-in cooler and an equally large walk-in freezer. There is a second walk-in cooler in a separated butcher area and a closed off kitchen area for on-site food preparation. The vacant lot adjacent to the building has room for 40 parking spots. Nearby intersection has 25,000+ VPD. Currently vacant but was generating $7,000/mo in rent for years. Ideal location for a grocery store, convenience store, dollar store or food franchise with possible drive-through. Zoned B3-1 - Community Shopping District which allows a maximum 22,500 SF building. Located in the 67th/Wentworth TIF District. The district is intended to foster new residential, commercial and mixed-use development investment opportunities.

Lot & Building Features

Cooling Central Air
Tax Year 2017
Lot Dimensions 150X125 ft

Price History of 400 71st, Chicago, IL

Date Name Price Difference
04/28/2020 Price Adjustment $410,000 22.64%
09/19/2019 Price Adjustment $530,000 3.62%
06/17/2019 Price Adjustment $549,900 8.20%
12/31/1969 Listing Price $599,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 400 71st, Chicago, IL

Location Map Street View
Photo of Mary Therese Quiter
Direct: 312-730-8101
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Be Realty, LLC, Mikus Kins
Sold by Kale Realty, Phillip Moore
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Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Be Realty, LLC