700 47Th St Chicago, IL 60653
- Retail space
- 0.19 lot acres
Current Use by Public Records
- The Healthy Hair Boutique / Hair Salon
- Prettyhairboss studios / Hair Salon
- Oddity / Clothing Store / Store
- Taqueria Varitas / Taco Restaurant / Mexican Restaurant
- J.London Beauty & Body / Skin Care Clinic
Property Details for 700 47Th St
- Year built
- 2001
- Lot size
- 0.19 lot acres
- Property type
- Retail space
- APN
- 20-03-427-031
- APU
- 2003427031
Description
This exceptional 3,600 square foot retail strip center, built in 2004, is ideally situated on a high-traffic stretch of 47th Street in Chicago's vibrant Bronzeville neighborhood. Currently 100% occupied with a mix of established tenants including a hair salon, taqueria, and hair care business, this property offers a strong, stable income stream. The center boasts ample parking, a prominent street presence, and convenient access to public transportation. Located within a bustling commercial district, the property benefits from high daily traffic counts of 11,240 vehicles, and proximity to national retailers like McDonald's, Dollar Tree, and Family Dollar. The single-story building sits on an 11,979 square foot lot, zoned B1-1, and features a desirable storefront configuration perfect for a variety of retail uses. The asking price is $650,000, representing a price per square foot of $180.56, and a land value of $54 per square foot. 2023 property taxes totaled $29,724.74. This presents a compelling opportunity for both investors seeking a stable return and owner-users looking for a prime location in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6088
- Latitude
- 41.8098
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
