We viewed mixed use buildings along Western Avenue in North Center on Thursday. Our client wants to purchase a building up to one $1 million for her business. There are a couple of single lot buildings priced from around $400,000 to the $600,000s that will need major renovation. However, only a handful of mixed use and commercial buildings come up for purchase in prime areas.
The 47th Ward has been a boon to smart business and residential development. Infrastructure and street-scape improvements are now the norm and help entice property and business investment. One recent example is the new Starbucks/ Potbelly and retail space replacing a former car wash site at 3636 N Western Avenue, Chicago IL 60618.
|Business owners like the draw of Welles Park and the critical mass of other business and residences around the park. Much improvement is on the horizon for adjacent blocks of North Western Avenue in North Center/ Lincoln Square|