$ 525,000
-
$525,000
Price -
5,288
SqFt -
0.15
Acre
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About the Listing 87120 - 886045
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.
Listing Highlights for 8503-8509 Fernald Ave
Interior Details
- Appliances:
- Air Cond:
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 95.3x118x57.5x87.8
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $31,115
- Taxes w/Assessments: N/A
- Tax/Property ID: 10201140490000
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
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Listing Location
Questions About..
8503-8509 Fernald Ave Morton Grove, IL 60053
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