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8503-8509 Fernald Avenue Morton Grove, IL 60053

$525,000
Active / MLS# 12780506 / Commercial - Business / Morton Grove
0 Beds
5288 SqFt

Presenting an exceptional investment and redevelopment opportunity in the heart of Morton Grove! Ideally positioned along the Fernald Avenue corridor, this two-story mixed-use property offers a versatile footprint with three ground-floor commercial spaces and residential accommodations above, creating an attractive opportunity for investors, developers, and owner-users alike. With portions of the renovation work already completed, the property provides a unique canvas for customization and the opportunity to bring a new vision to life. Surrounded by ongoing development and neighborhood amenities, the property benefits from a highly accessible location less than one mile from the Morton Grove Metra Station and just one mile from the four-way interchange of I-94, offering convenient connectivity throughout Chicagoland. Enjoy close proximity to Austin Park, shopping, dining, public transportation, and major expressways. With its adaptable layout, established mixed-use setting, and strategic location, this property presents an exciting opportunity to reposition an asset in a well-connected suburban market. Property is being sold as-is, where-is, with buyers responsible for verifying all permitted uses, zoning requirements, and the status of existing improvements.

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Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email

Property Details

Property Type: Commercial - Business
Cooling: None
Lot Size: 0.15 Acres
Stories: 2.0
Taxes: $31,115
Year Built: 1910

Feature Descriptions

Electric: Circuit Breakers, Separate Meters
Exterior: Vinyl Siding
Fire Protection: None
HVAC: Central Heat/Indiv Controls
Location: Corner
Lot Dimensions: 95.3x118x57.5x87.8
Parcel#: 10201140490000
Units: 8

Location

See details and scored characteristics about this location.

Listing Office: Compass

Listing Office Phone: 773-482-1917



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