How to sell a commercial building in Chicago spans 175-years of the Windy City’s history. While some of these commercial properties in Chicago’s southside and westside neighborhoods has been maintained throughout their life, other commercial properties are in neglect and considered distressed real estate. URB Chicago pays fast cash for abandoned and distressed commercial real estate in Chicago.
To sell a commercial building first know what is the difference between commercial properties and commercial buildings for sale in Chicago?
What is the difference between commercial properties and commercial buildings for sale in Chicago? For starters there is a slight difference between Commercial buildings for sale in Chicago and Commercial property for sale in Chicago.
Commercial Buildings in Chicago
Commercial buildings in Chicago are buildings where commercial activities take place. For example, office buildings, retail space, warehouses, and more.
Commercial Property in Chicago
Commercial property in Chicago includes commercial buildings as well as multi-family buildings such as two flat, three flat, and four flat apartment buildings.
The reason for the distinction is that commercial buildings is where commerce happens. Yet, commercial property such as a multi-family property earns money for its owners but does not have commerce within the property.
Additionally, one of Chicago’s more popular commercial properties for sale are multi-use properties for sale in Chicago’s southside neighborhoods. Multi-use properties in Chicago often have retail space on the ground level and single-family homes or multi-family rental spaces on the above floors. This type of mixed-use property was a popular architectural design in Chicago’s expansive years between the 1890s and 1930s.
Types of Commercial Properties in Chicago
Chicago has a long history of commercial property. While many of these properties are still in operating, thousands of commercial buildings and commercial properties in Chicago are distressed, fire damaged commercial buildings, are gutted, or need updates. URB Chicago buys distressed commercial property with cash offers in as fast as 24 hours. But what types of distressed commercial property does Chicago have?
Here are a few examples of distressed Chicago commercial property for sale.
Office Buildings
Office buildings in Chicago have been around for as long as commerce started to blow through the Windy City. Depending on where it is located, office buildings in Chicago can be one story or multiple stories up to and including skyscrapers. Some Chicago office buildings may be owned by one company per floor, or a single entity may own the entire building. URB Chicago is buying commercial office buildings for sale in any condition.
Restaurants
Restaurants are as synonymous with Chicago as the Cubs. Chicago has always been a melting pot of a city with large populations of Italian, Irish, Polish, and Mexican immigrants (among many more) sharing their homelands favorite dishes. Included with Chicago restaurants are hundreds of 19th century pubs that have been repurposed into other types of commercial property. URB Chicago buys distressed and fire damaged restaurants and pubs for cash.
Retail Space
Retail space in Chicago is any type of store or shop. In Chicago retail space could be as large as a big box store or as small as a boutique flower shop. For over a hundred years Chicago’s backbone was on the hard work of boutique store fronts selling everything from lamps and household goods to tools, clothing, and baked goods. There are hundreds of distressed and neglected retails spaces in Chicago’s southside neighborhoods. If you have a distressed retail space in Chicago, URB Chicago would like to make you a cash offer for your property.
Warehouses
Warehouses in Chicago are a common commercial property. Chicago has always been an industrial city dependent upon shipping along Lake Michigan as well as a hub for train cars. As a storage hub for business and transportation Chicago has hundreds of abandoned and unused warehouses. Do you have a warehouse for sale in Chicago? URB Chicago buys distressed and unused warehouses for sale.
Multi-use properties
Multi-use properties are common in Chicago. During one of Chicago’s many housing booms between the 1890s and 1930s, property owners would often build retail property on the first level and single-family flats or multi-family flats on the second level. This allowed the owner of a property to watch out for his retail space while living above, or to earn additional income by renting out multiple apartments. URB Chicago is highly interested in buying multi-use properties for sale in Chicago’s southside in any condition.
Why sell your distressed commercial property?
Why sell your distressed commercial property? URB Chicago pays cash for distressed commercial properties. But why sell? Commercial properties in Chicago that have been neglected, gutted, or distressed pose a liability for the owner. With a long history of commercial property, over time it can become expensive to maintain property and update according to Chicago Building Codes. Environmental damage, squatters, and simple neglect can further damage buildings until the are too expensive or unusable. This can lead to injuries, nefarious gatherings on your abandoned property, and a high potential of fire.
Selling your distressed commercial property is a fast and safe option to take the liability off your hands and make money you didn’t really was possible.
URB Chicago Pays Cash for Commercial Buildings in Chicago in any Condition
URB Chicago pays cash for commercial buildings in Chicago in any condition. Do you have a commercial building or commercial property in Chicago that is falling apart? Is your century-old retail space too expensive to update? Does your southside Chicago property have fire damage? URB Chicago has been buying distressed property in Chicago’s southside and westside neighborhoods since the 1980s. We are considered the Windy Cities most trusted fast cash buyers of commercial property and single-family homes.
Selling your distressed commercial property to URB Chicago couldn’t be easier. Simply contact URB Chicago and we can provide you a cash offer in as fast as 24 hours. Once you accept the cash offer, many commercial properties in Chicago can close in as fast as seven business days. That means you can have cash in hand for your commercial real estate in any condition and in as fast as seven business days.
Contact URB Chicago today to sell your single-family home, multi-use property, or commercial property for sale.