Contacts
Strauss Realty
Strauss Realty
Property Details
- Property Type Retail
- Property Size 3,998 SF
- Lot Size 4,000 Acre
- Taxes / YR $31,197.00
- Additional Rent Contact for pricing
- Date Updated Nov 25, 2024
For User or Development Opportunity in Edgewater Glen/Andersonville. Offered for sale is a highly-visible, 4,000 SF, one-story retail property located at the signalized corner of Ridge and Glenwood. Situated in a densely populated residential corridor and zoned B1-2, the property is well-suited for conversion into multi-unit residential rentals or condominiums. Current Make-Up: Currently, the property houses an operating laundromat generating approx. $55K in annual revenue, with three additional vacant retail spaces. These include an 830 SF retail space with two restrooms, a 725 SF retail space with a bathroom, and a separate office/retail space with its own bathroom. Note: The two vacant retail spaces facing Glenwood are unfinished and will require build-out. Laundromat is fully operational-please do not disturb employees or management. Opportunities: There are two opportunities for the property: (1) Build-out vacant spaces to stabilize cash flow. The location offers high visibility with significant daily traffic (30,100 vehicles per day) along Ridge Ave. (2) Tear down and build new residential rentals or condos. The location boasts excellent walkability with easy access to local shops, bus stops, and both CTA and Metra transit options.
Reach out to the broker for more info on lease terms and amenities
Getting around
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91/100
Walk Score ®
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78/100
Bike Score ®
Location
- City Chicago, IL
- Neighborhood Andersonville
- Zip Code 60660
- Market Chicago
Points of Interest
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Granville
0.63 miles
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Damen
1.56 miles
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Rogers Park
1.70 miles
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Montrose
1.80 miles
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Jarvis
2.06 miles
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Irving Park
2.27 miles
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Howard
2.30 miles
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Sheridan
2.30 miles
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Addison
2.75 miles
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South Boulevard
2.92 miles
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Shell
0.27 miles
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Marathon
0.34 miles
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Citgo
0.70 miles
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BP
0.75 miles
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Volta Charging Station
2.88 miles
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eVgo
3.24 miles
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Tesla Supercharger
3.54 miles
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ChargePoint
4.19 miles
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Tesla Destination Charger
4.19 miles
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Blink
4.35 miles
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Loyola Parking Structure
0.92 miles
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Foster Beach Lot
1.10 miles
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Margate Park Fieldhouse
1.26 miles
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SP+
1.66 miles
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Wilson Parking Lot
1.68 miles
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Ravenswood Medical Center
1.70 miles
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7331 N Sheridan Self-Park
1.96 miles
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Swedish Covenant Hospital
1.97 miles
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Montrose Harbor Lot
2.02 miles
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Cubs Parking
2.11 miles
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M Henry
0.22 miles
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Antica Pizzeria
0.23 miles
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Parson's
0.23 miles
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Little Madrid Tapas-Café
0.23 miles
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Alice and Friends' Vegan Kitchen
0.24 miles
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Sfera Sicilian Street Food
0.26 miles
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Edgewater Tacos
0.26 miles
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Mas alla del Sol
0.26 miles
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Ras Dashen Ethiopian Restaurant
0.26 miles
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Mango Pickle
0.26 miles
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Jewel-Osco
0.33 miles
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Edgewater Produce
0.34 miles
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Whole Foods Market
0.43 miles
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Talard Thai Asian Market
0.54 miles
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ALDI
0.65 miles
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Ándale Market
0.66 miles
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Burlington
0.70 miles
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Old World Market
0.79 miles
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Mariano's Fresh Market
0.84 miles
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Devon Market
0.84 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
