Auction 9/5: School & Religious Facility Near Diversey
The Details
Auction Extended to September 5th
- Religious facility and school
- 22,500 SF school leased to CPS
- 14 classrooms, office, library, gym and lunchroom
- Current Net Rent: $177,675
- Tenant pays heat and electric
- 14,800 SF church facility
- Includes two sanctuaries plus office, meeting rooms, kitchen
- Large parking lot on Meade Ave.
- Potential to repurpose or redevelop
- Land Area: 51,516 SF (1.18 acres)
- Zoning: B3-1 and RS-3
- Part of Belmont/Central TIF
At the corner of Diversey and Meade, a 33,950 square foot religious facility and adjacent school is available for sale. The 22,500 square foot school, developed in 1976, is net leased to CPS. The school features 14 classrooms, an office, a library, a gym and a lunchroom. The current lease expires June 30, 2024 and the tenant is responsible for maintenance, heat and electric. The 14,800 square foot religious facility, constructed in 1965, is built-out with two sanctuary areas as well as office, meeting rooms and a kitchen. There is a large parking lot on Meade that is used by both the church and school. The site has tons of potential for a user or as a redevelopment site. DO NOT DISTURB TENANTS.
The Belmont Cragin community, on the northwest side of Chicago, has benefited from steady growth in population and renewed investment. Local residents enjoy great public transportation and quick access to the Expressway.
No Hidden Reserve! Must Qualify as Bidder by August 30th at 12:00pm.
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