4650 S Indiana Ave Chicago, IL 60653

Property Details for 4650 S Indiana Ave

Property type

Retail space

Property subtype

Storefront properties

APN

20-03-320-031

APU

2003320031

Description

This exceptional 14,000 square foot retail building, situated at 4650 S Indiana Ave in Chicago's vibrant Bronzeville neighborhood, presents a compelling investment or owner-user opportunity. Currently undergoing renovations to meet modern business standards, this two-story property features five storefronts and offers flexible leasing options, accommodating spaces ranging from 1,200 to 7,500 net rentable square feet. The B3-3 zoning allows for a diverse range of commercial uses. Benefiting from excellent accessibility, the property enjoys convenient proximity to the CTA Green and Red Lines, as well as easy access to the 90/94 interstate. On-site parking is available for customer convenience. The high-traffic location and strong visibility make this an ideal space for businesses seeking growth and exposure. Currently, two leases are in place, one for a grocery store and another for a daycare. Built in 1948, the building features central air conditioning. The asking price is $1,800,000, representing a 6.80% cap rate and a price per square foot of $19. Bronzeville's ongoing revitalization, rich cultural heritage, and proximity to the Loop and popular attractions create a dynamic and attractive environment for businesses. This property offers a unique blend of established tenancy and significant upside potential in a rapidly evolving neighborhood.