Funeral Home Facility For Sale

12,690 SF | Retail Building | Chicago, IL 60620 | $875,000 ($69/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $875,000

Sale Condition
Deferred Maintenance
Property Type
Retail
Square Feet
12,690 SF
Price / Square Foot
$69

Listing Contacts

Moses Hall
Moses Hall
Verified Profile
  • Property Info

Property Overview

MoHall Commercial presents this exceptional investment opportunity at 2036 W 79th St, Chicago, IL 60620. This strategically located two-story commercial facility boasts a generous 12,690 square feet of gross building area on a sprawling 0.76-acre lot. Built in 1960, this versatile property includes a large chapel, multiple viewing rooms, office spaces, and a substantial parking lot, offering unparalleled operational efficiency and convenience. Situated in the bustling Auburn Gresham neighborhood, this property enjoys outstanding visibility and accessibility from major thoroughfares, including 79th Street, Western Avenue, and Ashland Avenue, with easy access to Interstate-94. The expansive 33,174 square foot site provides ample space for potential expansion or redevelopment, making it a prime candidate for a variety of commercial uses. Currently utilized as a funeral facility, this turnkey opportunity is perfect for similar service providers or can be easily adapted for other commercial ventures. The property's B1-1 Neighborhood Shopping District zoning supports a wide range of retail and commercial activities, making it an ideal choice for real estate developers seeking to diversify their portfolio. Investors and government agencies will appreciate the property's redevelopment potential for community-enhancing projects. The City of Chicago offers significant incentives to buyers, including the Neighborhood Opportunity Fund, which finances commercial and cultural projects in neighborhoods that lack private investment, using revenue generated from downtown development. Additionally, this property qualifies for the City of Chicago's Small Business Improvement Fund (SBIF), promoting economic development by providing small businesses and property owners with reimbursement grants for permanent building improvement costs. Seize this unparalleled opportunity to invest in a property with both immediate operational benefits and long-term developmental prospects. DO NOT DISTURB STAFF.

Property Details

Class
C
Year Built
1960
Stories
2
Property Subtype
Freestanding, Storefront Retail/Residential
Lot Size (sq. ft)
13,504 SF

Highlights

  • Prime Location & Versatile Space: 12,690 SF two-story facility on a 0.76-acre lot
  • Zoning Flexibility & Development Potential: B1-1 zoning supports a variety of commercial uses, making it ideal for real estate developers
  • Investment Incentives & Turnkey Opportunity: Eligible for the City of Chicago's Neighborhood Opportunity Fund and SBIF

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