Bronzeville Retail Investment
118 E 51st Street, Chicago, IL 60615
Six-unit retail building in high-growth area near Obama Center.
Property size:
3,500 SFPrice / SF:
$256/SF- Added:
- Mar 13, 2026
- Days on Market:
- 70
- Last Refresh:
- Mar 16 at 11:02 am
Property Features for 118 E 51st Street
General Information
- Standard status
- Active
- Size
- 3,500 SF
Building Details
- Year Built
- 1898
Listing agent PERDURE CARTER License #471009363
Listing office REALTY OF AMERICA, LLC (708) 788-1900
Listing date Mar 13, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of REALTY OF AMERICA, LLC
HighLights
- Prime commercial investment opportunity in the rapidly growing Bronzeville/Washington Park area.
- 6‑unit retail building with flexible layouts (1,100‑3,500 sq ft) suitable for diverse commercial uses.
- Immediate rental income from 2 occupied units (liquor store mart and nail salon).
- High foot traffic location with street parking and close proximity to public transportation.
- Vacant units (restaurant, single storefront, double unit) offer potential for owner‑users or increased cash flow.
- Located minutes from the Obama Presidential Center and surrounded by ongoing new developments, indicating strong potential for long‑term appreciation.
Overview
This is a six-unit retail building located in the Bronzeville/Washington Park area. Units range from 1,100 to 3,500 square feet, offering flexible layouts suitable for various commercial uses. The property features two occupied units: a liquor store mart and a nail salon, providing immediate rental income. The corner restaurant unit was renovated three years ago. The restaurant, a single storefront, and a larger double unit are currently vacant, offering potential for owner-users or investors looking to increase cash flow. Situated in a high foot traffic area, the property benefits from strong neighborhood activity, street parking, and close proximity to public transportation. Surrounded by ongoing new developments and located just minutes from the anticipated Obama Presidential Center, this location is positioned for continued growth and long-term appreciation on the South Side.
Location Intelligence
Current Use by Public Records
Pbrielle Nail Bar
Nail Salon
G Nails
Nail Salon
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6215202
- Latitude
- 41.8022182
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Six-unit retail building in high-growth area near Obama Center.
Where is this retail space located?
The property is located at 118 E 51st Street Chicago, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime commercial investment opportunity in the rapidly growing Bronzeville/Washington Park area.; 6‑unit retail building with flexible layouts (1,100‑3,500 sq ft) suitable for diverse commercial uses.; Immediate rental income from 2 occupied units (liquor store mart and nail salon).
