3009 Wabash Avenue is opportunity to purchase and/or lease a multi-tenant street retail/commercial single-story building that consist of 3,850+/- square feet located on a lot size of 9,338+/- square feet of semi-improved land zoned “C2” Commercial Zone, with 70 linear feet along Wabash Ave. C2 zoning provides a wide range of uses, for example any use permitted in the C1.5, C1 and CR, Carpenter, plumbing or sheet metal shop, Catering shop, Interior decorating or upholstering shop and Restaurant.
The current ownership has owned the subject property since 1987. Currently the property is occupied by three (3) tenants & one (1) billboard lease. All the current tenants are on a Month-To-Month lease term. Current annual rental income is estimated to be $48,540.00 and/or $1.14 PSF – Gross. Property maybe delivered vacant upon negotiating terms that will be acceptable to the Ownership.
SBA financing is available with only requiring a 10% down payment, 25-year loan term, the current interest rates between 6 ½ % to 8% for
qualified Owner-user Buyers. Property is also available for Lease, Asking Rent of $2.42 (NNN) PSF. Contact Broker for more information.