Located in the vibrant Bronzeville neighborhood, this expansive 25,238 sqft commercial land offers a prime opportunity for companies in the technology, retail, or medical fields. For technology companies, the land's strategic location in the heart of Bronzeville offers easy access to a highly educated and diverse workforce, as well as proximity to leading research institutions and top-notch talent. Additionally, the area's thriving arts and culture scene, as well as its growing reputation as a hub for innovation, make it an attractive destination for tech startups looking to establish a presence in the area. Retail companies can take advantage of the land's prime location on a bustling commercial corridor, with excellent visibility and foot traffic. The site's expansive size offers ample space for large-scale retail operations, as well as potential for mixed-use development that could include residential and office components to create a dynamic and thriving community. For medical companies, the land's proximity to world-class hospitals and medical facilities, including the University of Chicago Medical Center, make it an ideal location for healthcare providers and medical research institutions. The site's large size and flexible zoning offer endless possibilities for customized development that can meet the specific needs of medical companies. Overall, this commercial land for sale on 4501 S Cottage Grove in Bronzeville presents a unique opportunity for companies in the technology, retail, or medical fields to establish a strategic presence in one of Chicago's most vibrant and dynamic neighborhoods. With its prime location, ample space, and endless potential, this site is sure to attract interest from a wide range of businesses seeking to capitalize on the area's many strengths. The B1-5 zoning classification for your commercial land on 4501 S Cottage Grove in Bronzeville offers a versatile range of commercial uses, including retail, service, and professional businesses. The maximum height allowed under this classification is 60 feet and the floor area ratio can be up to 2.2, which offers ample space for large-scale development without detracting from the surrounding neighborhood's character. With a variety of permitted uses, including banks, restaurants, retail stores, offices, and medical clinics, B1-5 zoning provides a flexible framework that can accommodate the needs of any business looking to establish a presence in Bronzeville. This zoning classification ensures that any development on the site complies with local regulations and maintains the area's integrity and character. Overall, the B1-5 zoning classification for your commercial land provides a solid foundation for creative and customized development, making it an ideal location for businesses in the technology, retail, or medical fields. Excellent opportunity to capitalize on future development in a robust market with strong economic growth and increasing demand in Bronzeville. 4501 South Cottage Grove is appx. 168.25x150, Lot Square Footage: 25238, this property is being sold "as-is".
This is a rare opportunity to own seven (7) contiguous lots in the hot Bronzeville area at the southwest corner of 47th and Indiana. The lot measures at 110' x 161.70' x 110' x 161.70' which equates to 17,787 square feet. This is a B3-3 zoning. All plans and permits are included with this sale.
Outdoor parking, 1 of 8 outdoor parking spots at Four Winds Condominiums
The median home value in Chicago, IL is $223,000. This is higher than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Chicago, IL is $223,000. Approximately 38.87% of Chicago homes are owned, compared to 48.34% rented, while 12.79% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60653 has a population of 2,722,586. Chicago 60653 is less family-centric than the surrounding county with 25.68% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Chicago, Illinois 60653 is $52,497. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Chicago 60653 is 34.1 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 38.2 inches per year, with 37.1 inches of snow per year.