3953 S Michigan Ave Chicago, IL 60653

Listing agency Seneca Real Estate Group Show Phone

Listed by Joe Padorr · License #IL 475142710

Source Crexi

Added: May 19, 2022 Updated: Jul 6 at 8:16AM Checked: Jul 21 at 12:40PM

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Investment Insights

Based on property information with market context.

This property features land and a building situated within a Bronzeville Opportunity Zone. The site is zoned M1-3, but the city is willing to support a zoning change to B3, which would allow for residential development. The property encompasses approximately 31,200 square feet, equivalent to 0.72 acres. It has dimensions of 195 feet along S. Michigan Avenue and a depth of 160 feet. The property is located adjacent to the CTA Green Line Station at S. Indiana Avenue and E. 40th Street, offering transit-oriented development potential. The offering includes both the building and the land.

Key Highlights

• Large lot: Approx. 31,200 sq ft (.72 acres) with dimensions of 195' x 160'.
• Zoning change potential: City support for rezoning to B3 to allow residential development.
• Excellent location adjacent to CTA Green Line Station at S. Indiana and E. 40th St.

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FAQs

What type of property is this?

Commercial land - Land and building in Bronzeville Opportunity Zone near CTA Green Line.

Where is this commercial land located?

The property is located at 3953 S Michigan Ave Chicago, IL.

What are key features of this property?

This property features: Large lot: Approx. 31,200 sq ft (.72 acres) with dimensions of 195' x 160'.; Zoning change potential: City support for rezoning to B3 to allow residential development.; Excellent location adjacent to CTA Green Line Station at S. Indiana and E. 40th St.