$399,000
( $167.93Per Sq Foot )
$2,142 est/mo Sourced by Back At You6337 S Martin Luther King Drive,Chicago, IL 60637
Chicago, IL 60637
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 Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1999 |
| Days On Site | 163 |
| Listing Provided By | Coldwell Banker Realty | Bruce Heller |
Features
| SQ Feet | 2,376 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Zoning | COMMR |
Market Activity 60637
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI Woodlawn |
| Listing VS Median (in 60637) | |
Price: $399,000 low | high Med: $160,000 SqFt: 2,376 low | high Med: 1,100 $ / SqFt: $168 low | high Med: $145 On site: 163 low | high Med: 54.000000 | |
Listing Updated: May 8, 2025 at 8:18:05 PM PDT