Property profile

1158 Garfield Blvd Chicago, IL 60609

OFF-MARKET
Land
0.72 ac lot
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Property summary

AI-generated overview

This exceptional 0.72-acre commercial land parcel presents a unique investment opportunity in Chicago's vibrant Cook County. Located at 1158 W Garfield Blvd, in the 60609 zip code, this property boasts a B3-2 zoning designation, offering a wide range of development possibilities. The asking price is $759,000, translating to a land value of $24.06 per square foot. The site's dimensions are substantial, providing ample space for various commercial ventures. A key advantage is the presence of an adjacent city-owned parcel. Combining this property with the adjacent city land would create a significantly larger lot, approximately 264 feet by 155 feet, totaling roughly 40,920 square feet. This potential for assemblage significantly enhances the property's development potential and overall value. The property's strategic location in Chicago offers excellent access to transportation networks, local amenities, and a thriving business community. This is an exceptional opportunity for developers and investors seeking a prime commercial land site with significant expansion potential in a high-demand area. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile

Verified
Property type Land
Lot 0.72 ac (31,363 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1158 Garfield Blvd Chicago, IL 60609
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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