7831-33 S Racine Avenue Chicago, IL 60621 • Commercial - Business • New $400,000

Description

A Unique Mixed-Use Investment & Business Opportunity with this Versatile Property with Multiple Business & Income Possibilities! Discover an exceptional opportunity to own a versatile commercial property currently operating as a church, complete with two residential apartments above. Whether you're an established business owner, entrepreneur, investor, community organization, or religious institution, this property offers a unique combination of functional space, existing amenities, and future income potential. This property features a full sanctuary with new lighting fixtures, a dedicated choir area, a baptismal pool, a private pastor's office or study, and a spacious kitchen with an enormous dining and gathering area. The layout is ideal for worship services, fellowship gatherings, anniversary celebrations, banquets, private parties, meetings, and community events. Adding to its appeal are two upstairs apartments, one with three bedrooms and another with two bedrooms-offering the potential for rental income, owner occupancy, or on-site living for a business operator, subject to applicable requirements. Explore the Possibilities these buildings offer with potential for a variety of business and community uses, including Religious institutions: A new or growing church, ministry, religious education center, or community fellowship organization. Childcare and early learning: A daycare, preschool, or after-school program, subject to licensing and facility requirements. Event and banquet space: A venue for birthday parties, anniversaries, family celebrations, reception ns, banquets, workshops, and community events. Restaurant or catering business: A potential food-service operation, catering kitchen, or private dining venue, subject to required approvals. Professional offices: A community-service office, nonprofit headquarters, consulting business, training center, or administrative workspace. Entrepreneurial hub: A potential shared workspace, business incubator, creative studio, or small-business training center. Educational and enrichment programs: Tutoring, music lessons, choir rehearsals, arts programs, vocational training, and adult education. Community and wellness services: A potential meeting center, support-service location, or wellness and enrichment facility, subject to applicable approvals. This Potential Mixed-Use Investment has the combination of commercial space, and two residential apartments create opportunities for an owner-occupant or investor to explore multiple revenue streams. A future owner might operate a business on the main level while renting one or both apartments or lease the commercial space to a suitable operator while retaining the apartments as rental units. Another possibility is to create a community-focused business that uses the gathering areas for scheduled events, classes, and meetings. Conveniently located near public transportation, shopping, schools, and major highways, the property offers accessibility for customers, employees, residents, congregations, and community members. Whether you envision a new church, a neighborhood business, an event-based enterprise, or a mixed-use investment, this property provides a flexible foundation for bringing your vision to life. Easy to Show! Schedule your showing and explore the possibilities. Being sold As-Is!

Property Highlights