Active · For Sale · Land

1 E Cermak Road, Chicago, IL 60616

MLS #12434064

1 E Cermak Road, Chicago, IL 60616CRER

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1 E Cermak Road, Chicago, IL 60616

The property

Executive summary

1 E. CERMAK ROAD is a 15,410 square foot development site is available for sale. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, an office and more. The site is close to the 62-acre riverfront development known as "The 78", which is now planned to be developed as a soccer stadium for the Chicago Fire, it is possible that an intermediate use would be parking. McCormick Place, Wintrust Arena, historic Motor Row, Chinatown and a several new and exciting developments and rehabs.

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Property Intelligence

Financial Snapshot

Annual Taxes: $9,786 (2023)

Property Details

Lot Size: 15,410 SF
Lot Acreage: 0.07
Lot Dimensions: 110x107.25
Zoning: COMMR
Parcel Number: 17271000010000

Operations & Utilities

Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Possession: Closing

Location & Use

County: Cook
Market Area: Chicago - Near South Side
Township: South Chicago
Frontage: City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.