For Sale 1/2 City Block Chicago, Illinois Commercial Investment Property

First a little background. The listing below is for the Stermer Funeral Home building and property that my grandfather Felix Stermer started 97 years ago, 63 in this location.  It has stayed in the family all these years.  My Uncle Howard recently passed away and it’s now in the hands of my cousin Phil.  My Grand Parents, aunts, uncles and cousins all lived above the business. I spent all my holidays and family funerals there and it brings back many great memories for me. It will be sad to see it sold but the time has come.

You can view the listing site here

The property consists of two very distinct parts, the 9,000 square foot parking lot on the east and the 9,156 +/- square foot, two story buildings to the west.The property commonly known as 3653-3655 West Fullerton is the  Funeral Home dating back more than 70 years. That structure includes large parlors with original plasterwork detail and two apartments on the second floor. A heated garage in the 3653 building can accommodate four cars in a tandem configuration, and a separate 2 1/2 car garage is located in the 3655 building.The building along the southeast corner of Fullerton and Lawndale Avenue commonly known as 3659 West Fullerton is a former grocery store converted into an additional funeral parlor, office area and casket showroom. This building has an apartment on the second floor as well.

The building is approximately 15,300 square feet while the entire lot size is 18,156 square feet.

The Property is located in the venerable neighborhood known as Logan Square. One half mile west of Kedzie Avenue along the busy east/west Fullerton Avenue corridor, the Property has exposure to more than 41,000 vehicles per day that travel this 4-lane arterial route.

The immediate area is very densely populated with more than 94,000 residents living within a 1-mile radius.  62% of the homes in the 1-mile radius of the Property are priced between $200,000 and $300,000 with the median home price being $287,000.

This location benefits from having major arterial routes close by. The Property is approximately midpoint between Pulaski Road and Kedzie Avenue which are both major bus and transportation routes. Milwaukee Avenue is another major route that runs on a southeasterly direction toward the Central Business District and offers access to many Chicago neighborhoods. The Kennedy Expressway is within two miles of the site as well. As
previously mentioned, Fullerton Avenue has an average daily traffic count of more than 41,000 vehicles a day.

Given the square footage of the Property an investor or developer may be interested in the Property based on its location, size and development potential. The B3-1 zoning allows for a FAR of 1.2 which would allow for 21,750 square feet to be built on the site.

50% of the land area is currently utilized as a parking lot obviously reducing the demolition costs for the site.

The first floor of the Subject property is approximately 9,100 square feet; the second floor is roughly 6,200 square feet.
If interested contact Phil and tell him cousin Natalie sent you for the Best deal! 3653 W. Fullerton Ave.,Chicago

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