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.
MLS# | 12222532 |
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Listing Type | For Sale |
Style | Retail |
Sub-Type | Resale |
Status | Active |
Year | 1999 |
Days On Site | 63 |
Listing Provided By | Coldwell Banker Realty | Bruce Heller |
SQ Feet | 2,376 |
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Story(s) | 1 |
Units | 1 |
Zoning | COMMR |
State | IL |
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County | Cook |
City | Chicago |
Zip Code | 60637 |
Area | CHI Woodlawn |
Listing VS Median (in 60637) | |
Price: $399,000 low | high Med: $53,950 SqFt: 2,376 low | high Med: 1,485 $ / SqFt: $168 low | high Med: $37 On Site: 63 low | high Med: 276.500000 |