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Listed by Tim Lorimerof Compass
-
Est. payment /mo
New
8503-8509 Fernald AVE Morton Grove, IL 60053
5,288 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,288 sqft
MLS Listing ID 12780506
Annual Tax Amount $31,115
Tax Year 2025
Lot Dimensions 95.3x118x57.5x87.8
Property Sub-Type Mixed Use
Property Description
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.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Structure Type Vinyl Siding
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