5700 Central Ave Chicago, IL 60646
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 5700 Central Ave
- Property type
- Commercial real estate
Description
This exceptional 31,079 square foot commercial land site is available for sale in Chicago's desirable Jefferson Park neighborhood. Located at the highly visible corner of Central and Elston Avenues, this buildable lot boasts a daily traffic count of 21,288 vehicles, ensuring maximum exposure for any development. The property is zoned B3-1 and offers utilities, including water and sewer, readily available on-site. Its strategic location provides easy access to both public and private transportation, making it an attractive option for a wide range of commercial uses. A proposed development plan envisions a 40-unit mixed-use property with 61 parking spaces, showcasing the site's potential. However, the property's versatility allows for various other commercial ventures, including a shopping center, gym, or bank. This rare opportunity presents a significant advantage for investors and developers seeking a prime location with substantial development potential in a thriving Chicago neighborhood. The asking price for this exceptional property is $3,000,000. Don't miss this chance to acquire a highly visible and strategically located commercial land site in a rapidly growing area.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7684467
- Latitude
- 41.9859553
