Development Site in Opportunity
For Sale
$1,500,000
1 E Cermak Road, Chicago, IL 60616
15,410 sq ft development site for sale.
Property SizeContact for details
Lot Size0.07 Acres
Days on Market268
Property Features for 1 E Cermak Road
General Information
Standard status
Active
Lot size
0.07 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$9,786
Listing Agency:
MILLENNIUM PROPERTIES RE, INC.
(312) 338-3000
Listed By:
DANIEL HYMAN · License #471013658
Source:
Corcoran
Added: Dec 5, 2025
Changed: Aug 27
Last Checked: Aug 29 at 9:22AM
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 MILLENNIUM PROPERTIES RE, INC.
Investment Insights
Based on property information with market context.
A 15,410 square foot development site is available for sale. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, or an office. An intermediate use could be parking. The site is close to the 62-acre riverfront development known as "The 78", which is now planned to be developed as a soccer stadium for the Chicago Fire. The property is near McCormick Place, Wintrust Arena, historic Motor Row, Chinatown, and several new developments and rehabs.
Key Highlights
- Located in an Opportunity Zone.
- Development site near 'The 78' riverfront development (planned soccer stadium).
- 15,410 square foot development site.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 15,410 sq ft development site for sale.
Where is this commercial land located?
The property is located at 1 E Cermak Road Chicago, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Located in an Opportunity Zone.; Development site near 'The 78' riverfront development (planned soccer stadium).; 15,410 square foot development site.
