4501 S Cottage Grove Avenue, Chicago, IL, 60653

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$1,499,000
742 Days Online

4501 S Cottage Grove Avenue
Chicago, IL 60653

For Sale|Land|Active
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 773-451-1200
Call Now: 877 582 4399
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877 582 4399
4501 S Cottage Grove Avenue4501 S Cottage Grove Avenue4501 S Cottage Grove Avenue4501 S Cottage Grove Avenue
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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".

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Listing Snapshot
Price 
$1,499,000
Days Online 
742 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
11463077
Status 
Active
Property Tax 
$5,789
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS®
2 years agoStatus changed to Active
2 years agoStatus changed to Active Under Contract
2 years agoListing first seen online
General Features
Parking Spaces 
0
Zoning 
COMMR
General Information 
School Bus ServiceCommuter BusInterstate Access
Lot Size 
1.0-1.99 Acres
Parking Total 
0
Interior Features
Utilities 
Electric NearbyWater-MunicipalWater Nearby
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Exterior Features
Waterfront Property 
No
Community Features
Township 
Hyde Park
MLS Area 
CHI - Kenwood
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 773-451-1200



Based on information submitted to the MLS GRID as of 2024-07-24 09:10 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-07-24 09:10 PM UTC
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