$399,000
( $167.93Per Sq Foot )
 $2,142 est/mo Sourced by Back At You

6337 S Martin Luther King Drive , Chicago, IL 60637

Chicago, IL 60637

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Description

This site is located in a Federal Opportunity Zone, It is 1/4 block from the 63rd & King Drive "EL" stop. There are several options for this location 1) Reuse this +/- 2,376 SF former fast food building with Drive-thru and +/- 40 car parking OR 2) this can be a 27,776 SF (124 x 224) Development site. The property has multiple tax benefits! In addition to the Opportunity Zone it is in a Federal Enterprise Zone and a City of Chicago TIF District. If developed there are anticipated tax credits as a Transit Oriented Development site. It is currently zoned B3-3. The property is vacant and has emptied of all restaurant equipment. This will be an "AS IS" sale. 4 PIN numbers.

Details

MLS#12222532
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1999
Days On Site63
Listing Provided ByColdwell Banker Realty | Bruce Heller

Features

SQ Feet2,376
Story(s)1
Units1
ZoningCOMMR

Market Activity 60637

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60637
AreaCHI Woodlawn
Listing VS Median (in 60637)
Price:
$399,000
low | high
Med:
$53,950
100% of Average
SqFt:
2,376
low | high
Med:
1,485
87.5% of Average
$ / SqFt:
$168
low | high
Med:
$37
100% of Average
On Site:
63
low | high
Med:
276.500000
22.784810126582% of Average
Sourced by Back At You
Listing Updated: January 7, 2025 at 1:53:09 PM PST