1158 Garfield Blvd Chicago, IL 60609
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.