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21823036
21823037

4901 W 47th St, Chicago, IL 60638 For Sale

DC
IL IL 00000
Brookline Real Estate
Listed by Brookline Real Estate
$1,400,000
523 days on market
Updated 20 days ago

Prime Commercial Parcel

Details
Property Type Land, Multifamily (+1)
Sub Type Commercial, Residential
Square Footage 33,542
Tenancy Single
Lease Type Modified
Pro-Forma Cap Rate 6%
Pro-Forma NOI $84,000
Broker Co-Op Yes
Acreage 0.770
Zoning C2-1

Commercial Land Near Midway Airport | 0.77 acres

Marketing description

Brookline Real Estate, LLC presents the rare opportunity to acquire a highly visible commercial property positioned in a strong, visible location on Chicago's Southwest Side. A user with a need for brand exposure will benefit from the property's position on busy 47th Street. A developer or investor will benefit from attracting prime tenants given the many favored attributes of this property.

Immediately surrounded by a freestanding Starbucks and Dunkin', the site sits across from Hearst Elementary School among dense single family homes near the major retail intersection of Cicero Avenue and 47th Street. Just one block from CTA bus lines, 1/2 mile from I-55, and one mile from Midway Airport, the site is in a strong transit location with heavy vehicle and foot traffic. Other national retailers at the intersection include McDonald's, BP, Taco Bell, and Subway.

Currently leased by a parking business through May of 2025, the lot can continue to be used for parking given proximity to the airport. The property can alternatively be developed for a number of commercial uses as its C2-1 zoning allows for even more business types than B1 including liquor stores, warehouses, and auto shops.

This rare opportunity is being offered near an active business corridor supported by Midway International Airport. Contact us to learn more!

Listing Contacts

DC
IL IL 00000
Brookline Real Estate
Listed by Brookline Real Estate

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Additional Information

Name
Dominick Cannata
License
IL 00000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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