Listing Agency: Chicago Real Estate Resources Inc

Listed By: Nate Gautsche · License #IL 475120343

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 10:10AM

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Investment Insights

Based on property information with market context.

This 24,624 SF corner parcel is classified as commercial land and carries B3-3 zoning. The current zoning permits 61 residential units and provides for a mixed-use development concept.

The property sits across the street from the new, 70,000+ SF Mariano’s located at Pershing and King Drive. It is also near the Indiana CTA station and is identified as TOD eligible based on that proximity. The site’s corner position and stated access and visibility are additional physical characteristics of the offering.

Key Highlights

• 24,624 SF corner lot
• B3‑3 zoning with 61 residential units permitted under current zoning
• Mixed‑use development permitted under current zoning

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Building Supply Carpet & Flooring Store Kitchen & Bath Showroom Bakery

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

Location Intelligence

Trade Area within ½ mile

1,369

Businesses Nearby

Explore this area Business Placement

Demographics for 60653, IL

33,146

Population

18,279

Households

1.8

Avg Household Size

37

Median Age

38%

College-Educated

90%

High-School Grad

2.4 sq mi

ZIP Area

13,811

Density / Sq Mi

$39,565

Median Household Income

$49,335

Median Earnings

$856

Median Rent

$347,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - Current B3-3 zoning permits 61 residential units and allows a mixed-use development.

Where is this commercial land located?

The property is located at 324 E Pershing Rd Chicago, IL.

What are key features of this property?

This property features: 24,624 SF corner lot; B3‑3 zoning with 61 residential units permitted under current zoning; Mixed‑use development permitted under current zoning