541 47Th StChicago, IL 60653

For Lease
$30/SF/YR

New construction, flexible spaces available.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional new construction commercial property, located at 541 E 47th St in Chicago's vibrant Bronzeville neighborhood (Jazz District), offers 2,487 square feet of versatile space across two, four-story buildings. The property boasts a Class A finish, completed in 2024 with renovations finalized in 2025. With a 12-foot ceiling height, the space is ideal for a variety of uses, including traditional, executive, or medical offices, retail, and restaurants. Multiple suites are available, with a minimum divisible space of 1,190 square feet and a maximum contiguous space of 2,487 square feet. The 0.54-acre lot (12,197 square feet) is zoned B3-3, allowing for diverse commercial applications. The building features a 400 AMP power supply. Property taxes are $5 per square foot. While there are no on-site parking spaces, the location offers excellent accessibility and visibility in the heart of Bronzeville, near Cottage Grove. The building is comprised of 5,000 total suites. A 5% load factor applies. The entire 2,487 square feet is currently vacant.

Highlights

  • High-traffic location for excellent brand visibility.
  • Versatile space suitable for retail, workshops, or service businesses.
  • Prime location in a historic and vibrant Chicago neighborhood.
  • Strategic positioning in a community-focused area of Chicago.

Property Details for 541 47Th St

Property type
Restaurants, Other retail properties
RSF (Rentable sq. ft)
2,487 SF
Class
A
Year Built/Renovated
2024/2025
Buildings
2
Stories
4

Unit(s) available at that property

Space
553 E 47th Street
Size
1,297 SF
Rate per SF
$30
Space
549 E. 47th Street
Size
1,190 SF
Rate per SF
$30
Space
549 - 553 E 47th Street combined
Size
2,447 SF
Rate per SF
$30

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.809222
Longitude
-87.6122649
541 47Th St, Chicago, Illinois

FAQs

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541 47Th St
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