819 Leamington Ave Chicago, IL 60651

Property Details for 819 Leamington Ave

Property size

49,546 SF

Property type

Office Properties & Spaces

Property subtype

Mixed-use properties

Description

This exceptional Chicago commercial property, located at 819 & 831-847 N. Leamington Avenue in Cook County, IL, presents a unique investment opportunity. The site encompasses approximately 49,546 square feet and includes a substantial existing building and vacant land. The main structure, a former school building, offers approximately 26,886 square feet of space, featuring a gymnasium with high ceilings, a full basketball court, bleachers, generously sized classrooms, and offices. An existing gated parking lot provides approximately 4,500 square feet of secured parking with expansion potential. Adjacent to the building is roughly 27,566 square feet of vacant land zoned RS-3, ideal for redevelopment into a playground, additional parking, or complementary development. The property's zoning is a combination of B3-1 (for the school building and parking lot) and RS-3 (for the vacant land). Situated in Chicago's Austin neighborhood, this property benefits from its location in a densely populated residential area, offering significant potential for various commercial ventures. The asking price for this mixed-use property is $1,250,000. This is a rare chance to acquire a large-scale property with existing infrastructure and significant redevelopment potential in a prime Chicago location. The property's size and zoning flexibility make it suitable for a wide range of uses.