Listing Description
Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space with curb cut, and an underutilized fenced patio area. One unit is currently rented to a convenience store tenant for $3000/mo, set to increase to $3500/mo in January 2026. Lease term through May 2027. The zoning is RS-3 and has a zoning variance for the store - there is an active business license. As long as this business license doesn't lapse for 6 months, it can be renewed. Buyer must verify all zoning details. The other spaces are currently used for owner storage. Lots of new construction and development in the area - there is a 6 unit building across the street currently under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. The vintage Coca Cola sign is excluded.