7500 Exchange Ave Chicago, IL 60649-4303

This exceptional 31,000-square-foot retail property, located at 7500 S Exchange Ave in Chicago, IL 60649, presents a unique redevelopment opportunity. The asking price is $1,000,000, translating to $80.65 per square foot. The two-story building, a former Walgreens dating back to the 1930s, sits on a 1.18-acre lot and offers significant potential for a variety of uses. The property boasts a prominent location on the southwest corner of 75th Street and Exchange Avenue, directly across from the Windsor Park Metra station. Its proximity to the South Shore Medical District and Rainbow Beach further enhances its appeal. The site features dual zoning classifications: approximately 28,300 square feet are zoned B3-2, while an adjacent 15,000-square-foot parcel is zoned RT-4. This prime location offers approximately 300 feet of frontage, ensuring high visibility and accessibility. The property's history as a family-operated retail business for over 40 years speaks to its enduring commercial viability. This is a rare chance to acquire a substantial site in a rapidly developing area of Chicago's South Shore community. The substantial lot size and strategic location make this a compelling investment for developers seeking a high-impact project.