Pleased to present the retail property at 222 E. 61st St.. This asset represents a compelling investment opportunity in a vibrant community. Discover this exceptional commercial property located in a coveted B3-2 zoning district, currently operating as a Day Care Center and After-SCHOOL facility. This property offers a blend of modern amenities and strategic location, making it a highly attractive investment opportunity. Key Features Zoning: B3-2 Current Use: Day Care Center and After-SCHOOL Facility Tenant Lease: The day care tenant signed a 3-year lease in March of 2023 at $10,000 monthly. Facilities: Newly remodeled day care center on the first floor and a second floor utilized for after-school programs. Accessibility: Conveniently located near the Green Line and Dan Ryan Expressway, providing excellent transportation options. Nearby Developments: Proximity to the future Obama Presidential Library, adding to the potential growth and value appreciation. Maintenance: The property is meticulously maintained, ensuring a hassle-free investment experience. Neighborhood: Situated in a revitalizing neighborhood, enhancing the long-term investment prospects. Investment Potential This commercial property presents a compelling investment opportunity with multiple attractive features: Stable Income: The day care tenant's 3-year lease guarantees a steady annual income of $10,000. Strategic Location: The property's proximity to major transportation routes and the future Obama Presidential Library enhances its desirability and potential for appreciation. Modern Facilities: Recent renovations and dedicated spaces for day care and after-school programs increase the property's usability and attractiveness to tenants. Revitalizing Neighborhood: Located in an area undergoing revitalization, the property is positioned for long-term growth and increased value. Financial Highlights Annual Lease Income: $10,000 Lease Term: 3 years (started March 2023) Purchase Price: $800,000 Seller Financing: Available with a minimum 30% down payment of the purchase price at a 7.00% interest rate. Zoning District: B3-2 Seller Financing Details Minimum Down Payment: 30% of the Purchase Price Interest Rate: 7.00% Amortization: 360 Months Interest Only Period: 2 Years Balloon Due In: 5 Years This commercial property, sold as-is, offers a unique blend of modern amenities, stable income, and strategic location. With the added benefit of being situated near significant future developments, it stands as a promising investment opportunity in a revitalizing neighborhood. The availability of seller financing with a competitive interest rate further enhances its appeal. Don't miss out on this chance to invest in a property with substantial growth potential and immediate income generation.

Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago tonyhardy@kw.com; Investment@kwcomercial.com



Based on information submitted to the MLS GRID as of 2024-09-08 02:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Data last updated: 2024-09-08 02:00 AM UTC
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