2336 Roosevelt Rd Chicago, IL 60608
- Commercial real estate
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2336 Roosevelt Rd
- Year built
- 1979
- Lot size
- 0.12 lot acres
- Property type
- Commercial real estate
- APN
- 17-18-335-028
- APU
- 1718335028
Description
This exceptional 0.31-acre mixed-use property, located at 2336-2346 W. Roosevelt Road in Chicago, IL (zip code 60608), presents a compelling investment opportunity. The property boasts a prime location bordering the Illinois Medical District (IMD), a thriving hub with four major hospitals, two medical universities, and over 40 healthcare facilities. The IMD's significant economic impact is undeniable, boasting over 29,000 employees, 50,000 daily visitors, and generating $2.4 billion annually. This high-traffic area sees approximately 44,800 vehicles per day at the nearby intersection of Western and Roosevelt Roads. The property's C1-2 zoning allows for a diverse range of uses, including residential, mixed-use developments, retail spaces, and office buildings, providing significant flexibility for future development. The asking price for this strategically located land is $999,000. This presents a unique chance to capitalize on the IMD's growth and the high volume of daily traffic in this bustling Chicago neighborhood. The Cook County location offers further advantages for investors seeking a strong return on investment in a dynamic and expanding urban 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
- -87.6851
- Latitude
- 41.8669
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
