For Sale
$999,000

2336 Roosevelt RdChicago, IL 60608

Chicago Investment Opportunity: High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • 0.31-acre mixed-use lot at 2336-2346 W. Roosevelt Road, Chicago, IL 60608, priced at $999,000.
  • Prime location bordering the Illinois Medical District (IMD), encompassing four major hospitals, two medical universities, and over 40 healthcare facilities.
  • High-traffic area, situated east of the Western & Roosevelt intersection with 44,800 vehicles per day (VPD).
  • C1-2 zoning permits diverse uses including residential, mixed-use, retail, and office development.

Property Details for 2336 Roosevelt Rd

Property type
Retail properties, Mixed-use properties
Lot Size (sq. ft)
13,504 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8665712506
Longitude
-87.685407255682
2336 Roosevelt Rd, Chicago, Illinois

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2336 Roosevelt Rd
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