4501 S Cottage Grove Avenue
Chicago, IL, 60653 $ 1,499,000
Baths0.0 Monthly Estimate*
$ 10,471
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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FeaturesGeneralUtilities Electric Nearby Water-Municipal Water Nearby
Possession Closing Immediate
Zoning COMMR
Township Hyde Park
Tax Year 2021
Current Use Agricultural
Percent Ownership Fee Simple
County Cook
Property Type Land Land
Possible Use Commercial Condominium Office and Research Development Recreational Retail
Status Active
Directions 47th Street East or West to Cottage North to address.
City Chicago
High School District 299
MLS Area CHI - Kenwood
Waterfront Y/N N
Street Name Cottage Grove
Tax Annual Amount 5789.92
Additional Parcels Y/N N
Virtual Tour https://youtu.be/b58xnvccbS0
Days on Market 618
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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ExteriorTotal Parking 0
Lot Dimensions 168.25X150
Road Surface Type Concrete
Frontage Length 168.2
Frontage Type City Street Alley Access
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InteriorStreet Suffix Avenue
Total Baths 0
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
srm7000@aol.com;sybil.martin@cbexchange.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,471
- Monthly Property Taxes
- $482
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Chicago, IL
Average List Price $306,716
Percent of Sale Price 80%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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7/13/2022 | $1,499,000 | | Listed Price |