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Historic School Campus
For Sale
$600,000

8231 South Shore Drive, Chicago, IL 60617

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.79 Acres
Days on Market168

Property Features for 8231 South Shore Drive

General Information

Property type Commercial Sale
Property subtype Other
Directions I-94 to 79th St, East to S Shore Dr, then South to 8231 (corner of 82nd/South Shore).
Subdivision CHI - South Chicago
Standard status Active
APN 21312330260000
Lot size 0.79 Acres

Taxes and HOA fees

Tax Year 2024

Building Details

Floors in Building 3
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: Brittany Ramsey · License #475173381
Added: Apr 18 Changed: Aug 19 Last Checked: Oct 2 at 6:06AM
MLS# 12623088

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This former Catholic school campus comprises an institutional property on a 0.79-acre site. The building retains historic architectural elements, high ceilings, and an adaptable interior arrangement. Utilities remain active, providing existing building service for future planning. The property is offered strictly as-is.

Located at 8231 South Shore Drive in Chicago’s South Shore area, the campus is within an RS-3 zoning district. Its former school use, preserved architectural character, and flexible layout provide a foundation for evaluating redevelopment or adaptive reuse concepts, subject to applicable approvals.

Key Highlights

  • Former Catholic school campus on a 0.79‑acre site
  • RS‑3 zoning district
  • Active utilities remain in place

Property Analytics

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Current Use

StMichaelschool High School

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Pharmacy Skin Care Clinic Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

407
Businesses Nearby

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
School - Institutional property with active utilities and a flexible interior configuration.
Where is this school located?
The property is located at 8231 South Shore Drive Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Former Catholic school campus on a 0.79‑acre site; RS‑3 zoning district; Active utilities remain in place
More about this property
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