8235 S South Shore Drive Chicago, IL $ 2,000,000
8235 S South Shore Drive
$ 2,000,000
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8235 S South Shore Drive

Chicago, IL, 60617
$ 2,000,000
Bedrooms-- Baths--

Monthly Estimate*

$ 12,477

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Commercial Property for sale in Chicago, IL

for $2,000,000. The lot size is 0.790863.

Presented by The Noir Row Collective INSTITUTIONAL PORTFOLIO OPPORTUNITY Former St. Michael Catholic School Campus | South Shore STRATEGIC INVESTMENT OVERVIEW This rare institutional portfolio represents a convergence of historic significance and forward-thinking development potential. Six distinct properties on separate PINs create an exceptional mixed-use investment platform positioned strategically within South Shore's emerging tech corridor. Portfolio Components: * Multi-story primary academic facility with expansive classroom infrastructure * Historic church with architectural distinction * Multi-story convent building with residential conversion potential * Single-story educational annex with flexible programming space * Income-generating 2-unit residential with retail storefront * Single-family residence providing immediate occupancy or rental income MARKET INTELLIGENCE & POSITIONING Proximity Advantage: Minutes from major data center development positions this portfolio at the epicenter of South Shore's technological transformation. Our market analysis indicates strong correlation between data center proximity and adaptive reuse demand for office, tech facilities, and specialized commercial applications. Zoning Flexibility: RS-3 classification enables residential, community, civic, and commercial uses-providing strategic optionality for diverse development scenarios and multiple exit strategies. Infrastructure Quality: Institutional-grade construction standards throughout, including commercial kitchen facilities, multi-stall restroom infrastructure, basement prep areas, and recreational hall space designed for high-capacity utilization. DEVELOPMENT SCENARIOS Multi-Unit Residential Conversion: Substantial square footage and existing infrastructure create optimal conditions for boutique residential development within South Shore's evolving neighborhood landscape. Mixed-Use Commercial: Strategic combination of retail, office, and community space leveraging proximity to Lake Michigan and emerging tech sector growth. Adaptive Reuse Opportunities: Unique architectural elements and flexible floor plates ideal for creative office, co-working, event venues, or specialized commercial applications. Income Diversification: Existing rental income from 2-unit property provides immediate cash flow during development phases. STRATEGIC CONSIDERATIONS * Acquisition Flexibility: Properties available individually or as complete portfolio * Expansion Potential: Additional parking development opportunities via adjacent S. South Shore Drive properties * Location Premium: Blocks from Lake Michigan with established neighborhood infrastructure * Regulatory Position: Institutional use history provides favorable foundation for commercial applications Investment Philosophy: This portfolio exemplifies our approach of identifying assets where institutional quality meets emerging market dynamics, creating value through strategic vision and precise market timing. Properties offered as-is. Buyer verification required for all representations. Portfolio analysis and due diligence support available through The Noir Row Collective's institutional advisory services. Contact The Noir Row Collective for comprehensive market analysis, development scenario modeling, and strategic acquisition guidance.

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.790863

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12481511

Features
General
Cooling Zoned
Zoning MULTI
Year Built 0
Electric Other
Stories Count 3
Property Subtype Mixed Use
Tax Year 2023
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions From 79th & South Shore Dr: Go N on South Shore Dr. 0.5 mi. Property on W side of street between 82nd & 83rd. From 87th & Stony Island: E on 87th to South Shore Dr. N on South Shore Dr. 0.7 mi. Prop
City Chicago
Number Of Units Total 5
MLS Area CHI - South Chicago
Lot Size Square Feet 34450
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Lot Dimensions .79 ACRES
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* Excluded Features
List By
Keller Williams Onechicago

Broker

bramseylftw@gmail.com;bramsey@kw.com

Email

Affordability Calculator

$12,477
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,477
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/2/2025$2,000,000 -20.00% Price Down
9/26/2025$2,500,000 Listed Price

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8235 S South Shore Drive, Chicago, IL, 60617 is a Commercial Property for sale at $2,000,000 with a lot size of 0.790863. The property's zip code is 60617 which is in Chicago, IL