Rare C1 zoned small shop space at the base of a luxury 39-unit building in Chicago's West Town neighborhood. This second-generation salon space is in excellent condition and can easily be adapted to a wide range of personal care services such as another salon, tattoo parlor, or other uses that require a C1 zoning classification. Professionally managed.
Strategically located at the confluence of Milwaukee and Chicago Avenue, the property is easily accessible via a one-minute walk to the CTA’s Chicago Avenue Blue Line station, and multiple bus routes, and only ¾ mile from I-90. This prime location ensures excellent connectivity to public transportation and major highways, enhancing its appeal as a prime retail location. Trade area population of over 51,000 people possessing an average household income of $191,000.
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.
