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    OFF-MARKET
    Schools

    8400 Blackstone Ave, Chicago, IL 60619

    90,638 SF 2.07 ac lot
    Property ID
    US28-5541308
    Property summary
    AI-generated overview

    This exceptional 2.07-acre Chicago property offers a unique redevelopment opportunity. The 90,638 square foot campus comprises five buildings, zoned RS-2, presenting significant potential for adaptive reuse. Currently configured as a mixed-use property with religious and school uses, this versatile site is ideal for educational, institutional, or special purpose endeavors. Located at 8400 S Blackstone Ave, Chicago, IL 60619, the property benefits from its proximity to the Museum of Science and Industry and the University of Chicago. The ample space allows for diverse configurations, including classrooms, offices, and support facilities. The existing buildings are well-maintained, offering immediate usability while allowing for future expansion or complete redevelopment. This prime location offers high visibility and accessibility, enhanced by proximity to public transportation, dining, and community resources. The asking price is $1,975,000. This represents a strong investment opportunity with significant long-term potential within the vibrant Chicago market. The property's size and zoning provide flexibility for a variety of uses within the education sector, making it an attractive proposition for investors seeking a substantial and versatile asset.

    Property profile
    Verified
    Property type Schools
    Total area 90,638 SF
    Lot 2.07 ac (90,169 SF)
    UPID US28-5541308
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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