Commercial Land Near Midway
For Sale
Contact for pricing
4901 W 47th St, Chicago, IL 60638
Commercial land near transportation and retail, potential development opportunity.
Property SizeContact for details
Lot Size0.77 Acres
Days on Market93
Property Features for 4901 W 47th St
General Information
Standard status
Active
Lot size
0.77 Acres
Property subtype
LAND
Listing Agency:
Brookline Real Estate
(630) 590-5910
Listed By:
Bill Lundy
Source:
Moodyscre
Added: May 26
Changed: Aug 8
Last Checked: Aug 26 at 2:47PM
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 Brookline Real Estate
Investment Insights
Based on property information with market context.
This commercial land is immediately surrounded by a freestanding Starbucks and Dunkin', and sits across from Hearst Elementary School among dense single family homes near the major retail intersection of Cicero Avenue and 47th Street. The site benefits from its proximity to CTA bus lines (one block away), I-55 (1/2 mile), and Midway Airport (one mile), resulting in heavy vehicle and foot traffic. National retailers at the intersection include McDonald’s, BP, Taco Bell, and Subway. Currently leased by a parking business through May of 2025, the lot can continue to be used for parking given proximity to the airport. The property can alternatively be developed for a number of commercial uses as its C2-1 zoning allows for even more business types than B1 including liquor stores, warehouses, and auto shops.
Key Highlights
- Excellent location near Cicero Avenue and 47th Street, surrounded by national retailers.
- Strong transit location: one block from CTA bus lines, close to I‑55 and Midway Airport.
- High vehicle and foot traffic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
Explore this area
Business Placement
Demographics for 60638, IL
56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land near transportation and retail, potential development opportunity.
Where is this commercial land located?
The property is located at 4901 W 47th St Chicago, IL.
What are key features of this property?
This property features: Excellent location near Cicero Avenue and 47th Street, surrounded by national retailers.; Strong transit location: one block from CTA bus lines, close to I‑55 and Midway Airport.; High vehicle and foot traffic.
