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    3700 63Rd St Chicago, IL 60629

    Sponsored
    For Sale
    $1,200,000

    11.6 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 11.6-acre commercial land parcel presents a remarkable development opportunity in Chicago, Illinois. Located at the highly visible signalized corner of 63rd Street and Lawndale Avenue, this property boasts 36,384 square feet of land with significant street frontage: 303 feet on 63rd Street and 120 feet on Lawndale Avenue. The site benefits from exceptional daily traffic counts exceeding 20,700 vehicles, ensuring high visibility for any development. The B3-1 zoning allows for a variety of commercial uses. 63rd Street is a thriving retail corridor, home to numerous national and local businesses including CVS, Marquette Bank, MetroPCS, U.S. Bank, the YMCA of Metro Chicago, Chicago Police Department District 8 headquarters, the Chicago Public Library West Lawn branch, Gerber Collision & Glass, and Palermo's of 63rd Pizza, all within a half-mile radius. The property's convenient location offers easy access to public transportation, situated directly on the CTA #63 63rd Street bus route, within 0.4 miles of the #53A Pulaski bus, and less than 2 miles from Midway International Airport. The asking price for this strategically located property is $1,200,000. The APN is 19-14-330-044-0000. This is an unparalleled chance to capitalize on a prime location in a bustling Chicago neighborhood.

    Property Features for 3700 63Rd St

    General Information

    Property type
    Land
    Lot Size
    505,296 SF

    HighLights

    • 11.6 buildable lots totaling 36,384 sq. ft. at the signalized intersection of 63rd Street and Lawndale Avenue.
    • High‑visibility corner lot with 303' of frontage on 63rd Street and 120' on Lawndale Avenue, averaging over 20,700 vehicles daily.
    • Strong retail location near national and local tenants including CVS, Marquette Bank, and US Bank, within a half‑mile radius.
    • Excellent public transportation access via CTA #63 bus route, with proximity to #53A Pulaski bus and Midway International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7159917
    Latitude
    41.7790974

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    FAQs

    What type of property is this?
    Land - 11.6 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 3700 63Rd St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 11.6 buildable lots totaling 36,384 sq. ft. at the signalized intersection of 63rd Street and Lawndale Avenue.; High-visibility corner lot with 303' of frontage on 63rd Street and 120' on Lawndale Avenue, averaging over 20,700 vehicles daily.; Strong retail location near national and local tenants including CVS, Marquette Bank, and US Bank, within a half-mile radius.
    (312) 513-8333
    Request Owner's contact information
    3700 63Rd St Chicago, IL 60629
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    Chicago, IL 60629
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3700 63Rd St Chicago, IL 60629
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