MLS#12662521
STATUSNew
PROPERTY TYPECommercial - Retail
Property Description
Unique Investment Opportunity: Iconic ESO Theater Property For Sale Welcome to a truly one-of-a-kind property in the heart of Chicago's vibrant Austin neighborhood, right on the border of the Oak Park community. Currently home to the celebrated ESO Theater, this multi-functional space offers an extraordinary opportunity for entrepreneurs, artists, investors, and visionaries looking to own a dynamic commercial and residential property with built-in revenue potential. Property Highlights: Over 6,000 sq ft of mixed use commercial space Purpose-built for performing arts, events, music showcases, or creative studios Multiple performance areas with AV hook-ups for audio/visual integration Spacious kitchen area with multiple freezers - ideal for launching a restaurant, cafe, or catering business Several private offices, dressing rooms, and bathrooms for staff and guests Dedicated employee restroom in the kitchen area Zoned B3-2, offering extensive flexibility for various business types Licensed as a Public Place of Amusement and Performing Arts Venue Residential Income Potential: Two fully equipped apartments on the second level. One 3bed 1.5bath & one 2bed 1bath. Combined rental income potential of $3,000+ per month Income can cover the mortgage, allowing your business to flourish without financial strain Whether you're a theater operator, restaurateur, creative collective, or investor seeking a cash-flow-positive property with deep community roots, this space delivers. Open commercial space and residential units, it's a rare blend of function, flexibility, and financial upside. Don't miss your chance to own a cornerstone building with unmatched potential.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.16 Acres
Roof Type: Rubber
Stories: 2.0
Taxes: $6,751
Year Built: 1937
Feature Descriptions
Current Use: Commercial
Electric: Service - 201 to 600 Amps
Exterior: Brick, Concrete
Fire Protection: None
Flooring: Wood
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air
Location: Mixed Use Area, Public Transport Avail, In City Limits, High Traffic Area
Lot Dimensions: 6752
Parcel#: 16161010610000
Parking: 1-5 Spaces
Potential Use: Commercial, Multi-Family, Retail
Tenant Pays: Electricity, Heat
Units: 3
Utilities: Electric to Site, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: Pearson Realty Group
Agency Phone: 773-325-2800
Shown By
Agent Name: Ginny Meyer
Agent Phone: (815) 262-8082
Agency Title: Gambino Realtors
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5401 W Madison Street | MLS# 12662521
This commercial property located at 5401 W Madison Street , Chicago, IL 60644 is currently listed for sale with an asking price of $415,000. Search Chicago real estate on gmeyer.gogambino.com today.