4659 Cottage Grove Ave Chicago, IL 60653

This exceptional investment opportunity presents a vacant, 20,171 square foot former bank building located at 4659 S Cottage Grove Ave in Chicago's burgeoning Bronzeville neighborhood. Built in 1922, this two-story, Class B building boasts stunning Classical Revival architecture, including limestone facades and Corinthian columns. The property features 35,850 total square feet on a 35,850 square foot lot, with 50 parking spaces across two adjacent lots. Currently vacant, the property offers significant redevelopment potential with B1-1 zoning allowing for mixed-use, retail, office, or residential conversion. Its strategic corner location provides high visibility and excellent foot traffic. The property benefits from its proximity to the Bronzeville Lakefront development, the Obama Presidential Center, and other cultural institutions, ensuring continued growth and investment in the area. This is a rare chance to acquire a historic landmark in a rapidly revitalizing neighborhood, offering significant upside for the right developer. The property is a fee simple ownership with an asking price of $1,900,000. The occupancy date is October 9, 2024. APN: 20-02-315-006-0000. The lease type is NNN.