700 47Th StChicago, IL 60653

Property Details for 700 47Th St

Year built

2001

Lot size

0.19 AC

Property type

Retail properties

Property subtype

Retail space

APN

20-03-427-031

APU

2003427031

Description

This exceptional 3,600 square foot retail strip center, built in 2004, is ideally situated on a high-traffic stretch of 47th Street in Chicago's vibrant Bronzeville neighborhood. Currently 100% occupied with a mix of established tenants including a hair salon, taqueria, and hair care business, this property offers a strong, stable income stream. The center boasts ample parking, a prominent street presence, and convenient access to public transportation. Located within a bustling commercial district, the property benefits from high daily traffic counts of 11,240 vehicles, and proximity to national retailers like McDonald's, Dollar Tree, and Family Dollar. The single-story building sits on an 11,979 square foot lot, zoned B1-1, and features a desirable storefront configuration perfect for a variety of retail uses. The asking price is $650,000, representing a price per square foot of $180.56, and a land value of $54 per square foot. 2023 property taxes totaled $29,724.74. This presents a compelling opportunity for both investors seeking a stable return and owner-users looking for a prime location in a rapidly growing area.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8098

Longitude

-87.6088

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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