5700 Central AveChicago, IL 60646

For Sale
$3,000,000

Prime 31,079 SF Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 31,079 square foot commercial land site is available for sale in Chicago's desirable Jefferson Park neighborhood. Located at the highly visible corner of Central and Elston Avenues, this buildable lot boasts a daily traffic count of 21,288 vehicles, ensuring maximum exposure for any development. The property is zoned B3-1 and offers utilities, including water and sewer, readily available on-site. Its strategic location provides easy access to both public and private transportation, making it an attractive option for a wide range of commercial uses. A proposed development plan envisions a 40-unit mixed-use property with 61 parking spaces, showcasing the site's potential. However, the property's versatility allows for various other commercial ventures, including a shopping center, gym, or bank. This rare opportunity presents a significant advantage for investors and developers seeking a prime location with substantial development potential in a thriving Chicago neighborhood. The asking price for this exceptional property is $3,000,000. Don't miss this chance to acquire a highly visible and strategically located commercial land site in a rapidly growing area.

Highlights

  • Rarely available 31,079 SF development site in Jefferson Park, Chicago.
  • High-visibility corner lot at Central & Elston Avenues.
  • Development potential includes a 40-unit mixed-use building (proposed), shopping center, gym, or bank.
  • On-site water and sewer utilities.
  • Excellent public transportation access.
  • Ideal investment opportunity for developers.

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9859553
Longitude
-87.7684467
5700 Central Ave, Chicago, Illinois

FAQs

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5700 Central Ave
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