Mixed-Use Building in
For Sale
Contact for pricing
Pending
100-116 E 51st St Chicago IL, Chicago, IL 60615
Two-story building with income and development potential in Bronzeville.
Property Size17,500 SF
Lot Size0.44 Acres
Days on Market879
Property Features for 100-116 E 51st St Chicago IL
General Information
Standard status
Pending
Size
17,500 SF
Lot size
0.44 Acres
Property subtype
Land, Mixed Use, Office, Retail
Zoning
B3-3
Lease Type
Gross
Investment Type
Redevelopment
Net Operating Income
$101,865
Building Details
Buildings
1
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Great Lakes Central
Listed By:
Lucas Kristen · License #IL 471.000643
Source:
Crexi
Added: Mar 30, 2024
Changed: Aug 22
Last Checked: Aug 24 at 4:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Great Lakes Central
Investment Insights
Based on property information with market context.
Located in Bronzeville, this two-story building offers approximately 17,500 square feet of space on a 19,200 square foot site. The ground floor is fully leased, providing immediate cash flow. The 9,180 square foot second floor, previously configured with 17 apartments, is open and features ceiling heights up to 14 feet, presenting opportunities for redevelopment. There are possibilities for adding square footage by constructing a third-floor loft space within a portion of the second floor and developing an existing masonry roof penthouse. Architectural plans are available for constructing a lobby, stairwell, and elevator on Michigan Avenue, providing direct access to a concrete, 17-car fenced, landscaped, and irrigated parking lot. The property is suitable for various uses, including apartments, office space, medical facilities, gyms, basketball courts, pickleball courts, dance studios, restaurants, theaters, doggie daycares, and galleries. The property's location offers convenient access to the Green Line and Red Line trains, as well as Interstate 90/94.
Key Highlights
- Ground floor is 100% leased to long‑term tenants, providing instant cash flow.
- Large 17,500 SF building on a 19,200 sq ft site with a partial basement, offering significant space and potential.
- Second floor (9,180 SF) is wide open with 14‑foot ceilings, ready for development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story building with income and development potential in Bronzeville.
Where is this mixed-use property located?
The property is located at 100-116 E 51st St Chicago IL Chicago, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Ground floor is 100% leased to long‑term tenants, providing instant cash flow.; Large 17,500 SF building on a 19,200 sq ft site with a partial basement, offering significant space and potential.; Second floor (9,180 SF) is wide open with 14‑foot ceilings, ready for development.
