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Presented by
Mirella D'Antonio, Premiere Home Team Leader |
Under contract-accepting backup offers. Fantastic opportunity in the heart of Englewood’s Historic Dearborn District! This 2, 700 sq ft freestanding concrete-block commercial building is zoned Commercial General with the special Historic Dearborn Street/Main Street overlay district, which significantly expands allowed uses and value. The overlay encourages pedestrian-friendly, mixed-use development and permits live/work or residential units above commercial space, with potential for up to three stories (35 ft maximum height). The site was previously approved to add a second story, offering excellent expansion potential. Current layout includes three roughly 900 sq ft units: one is fully built out with modern finishes and storefront appeal, while the other two are open block and concrete, ideal for warehouse, storage, or easy conversion to retail, office, studio, or retail! The overlay zoning also supports expanded ground-floor commercial space, with potential to add another unit or increase floor area for office or retail. Features include three separate electric meters for flexible multi-tenant setups. Dedicated side parking lot for 4–6+ vehicles with potential for more, plus additional public parking in front. The property backs onto county green space with an amphitheater, public restrooms, and lawns that regularly host concerts, festivals, farmers markets, and events, driving high foot traffic. The rear wall showcases Englewood’s iconic “Greetings from Englewood” mural, offering landmark visibility. Prime walkable location steps to Mango Bistro, restaurants, coffee shops, boutiques, and all the vibrant energy of Dearborn Street. Ideal for investors, developers, or business owners looking to capitalize on one of Englewood’s most sought-after and flexible commercial corridors.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,900
Sales Associate
William Raveis Real Estate
Phone: 860.997.1600
mirella.dantonio@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $399,920 | $399,920 | $399,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.541% |
| Monthly Tax Payment | $443 | $443 | $443 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,271 | $2,395 | $3,215 |
| Total Monthly Payment | $2,789 | $2,913 | $3,733 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.