Mixed-Use Building in
100-116 E 51st St Chicago IL, Chicago, IL 60615
Two-story building with income and development potential in Bronzeville.
Type:Land, Mixed Use, Office, Retail
Property size:
17,500 SFLot size:
0.44 AcresPrice / SF:
$71/SF- Added:
- Mar 30, 2024
- Days on Market:
- 779
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 100-116 E 51st St Chicago IL
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Lot size
- 0.44 Acres
- Property subtype
- Land, Mixed Use, Office, Retail
Listing agent Lucas Kristen License #IL 471.000643
Listing office Great Lakes Central
Listing date Mar 30, 2024
Source Crexi
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
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.
- Potential to add value by constructing a 3rd‑floor loft space and building out an existing masonry roof penthouse.
- Architectural plans available for lobby, stair, and elevator construction on Michigan Avenue, leading to a 17‑car parking lot.
- Located close to Green Line & Red Line trains and 90/94, offering excellent transportation access.
Overview
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.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6223548
- Latitude
- 41.8021612
Nearby Similar for Sale
FAQs
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.
