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    536 E 47Th St Chicago, IL 60653

    For Lease
    $20 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    118
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 536 E 47Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1913
    Number of units
    2
    Architectural style
    Other

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Anthony Hardy (312) 216-2422 License #475139834

    Listing date Aug 20, 2025

    MLS# 12400869 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bronzeville Retail Space with Parking

    Located in the heart of the Bronzeville Blues District, this commercial space at 534 E 47th Street, Chicago, IL 60615, presents a fantastic opportunity for cultural, creative, or community-oriented users. The property features approximately 6,000 square feet of interior space, complemented by over 5,000 square feet of connected outdoor area. This retail space offers high visibility along 47th Street and includes ample gated parking in the rear. The space can be delivered as one large unit or divided into two approximately 3,000 square foot spaces, providing flexibility for various business needs. The property is a blank canvas, ready to accommodate a range of visions and intended uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6397617
    Latitude
    41.809246

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    FAQs

    What type of property is this?
    Retail space - 6,000 SF retail space with large outdoor area.
    Where is this retail space located?
    The property is located at 536 E 47Th St Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Approx. 6,000 SF of interior space plus **5,000+ SF of connected outdoor area**.; - Located in the **heart of the Bronzeville Blues District**.; - Ample gated parking in the rear.
    (312) 216-2422
    Request Owner's contact information
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    Chicago, IL 60653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    536 E 47Th St Chicago, IL 60653
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