1300 S 1st Avenue, Maywood, IL, 60153

1300 S 1st Avenue Maywood, IL 60153

1300 S 1st Avenue, Maywood, IL, 60153
1300 S 1st Avenue, Maywood, IL, 60153 1300 S 1st Avenue, Maywood, IL, 60153 1300 S 1st Avenue, Maywood, IL, 60153 1300 S 1st Avenue, Maywood, IL, 60153 1300 S 1st Avenue, Maywood, IL, 60153
FOR SALE
Property Type:
Factory
Amount:
$750,000
Last Verified:
Feb 09, 2024

Highlights

  • Versatile possibilities for retail redevelopment or utilizing C3 zoning with outside storage
  • Impressive 36,590 square feet of land for ample space
  • Strategic location with great potential for vibrant retail transformation
  • Exceptional opportunity for businesses in need of C3 zoning and outdoor storage

Description

SVN Chicago Commercial is delighted to introduce a unique opportunity situated at 1300 S 1st Ave, offering versatile options for retail redevelopment.

Spanning an expansive 36,590 square feet of land, this property provides ample space for your envisioned retail redevelopment. Its strategic positioning positions it as an ideal choice for transforming into a vibrant retail destination.

For those contemplating retail redevelopment, this property stands out as an optimal starting point. Its prime location on 1st Ave, combined with its generous land area, forms a robust foundation for creating a thriving retail space tailored to your distinctive vision.

Moreover, with the existing C3 zoning, designated for General Commercial - auto-oriented commercial uses, this property proves to be exceptionally well-suited for various retail purposes, personal service uses, and professional offices.

Just 11 miles west of downtown Chicago, Maywood, Illinois, stretches along the west bank of the Des Plaines River, from Roosevelt Road on the south to just beyond Augusta Street on the north. It’s located immediately east of River Forest, south of Melrose Park, west of Bellwood, and north of the I-290 Interstate and Broadview. Maywood is an easy commute to Chicago on either the Metra West line or Interstate 290.


Year Built: 1935
Building Size: 1800sq ft
Lot Size: 0.84 acres


Documents

SVN Sale OM

Map of 1300 S 1st Avenue, Maywood, IL, 60153

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.