4720 Cottage Grove AveChicago, IL 60615

  • Commercial real estate
For Lease
$26/SF/YR View listing

Property Details for 4720 Cottage Grove Ave

Property type
Commercial real estate
APN
20-10-206-037
APU
2010206037

Description

This exceptional retail and restaurant opportunity is located in the vibrant Bronzeville neighborhood of Chicago, at the heavily trafficked intersection of 47th Street and Cottage Grove Avenue. The Shops at Forty-Seven offers two available spaces within a 54,932 square foot building situated on a 1.3-acre lot. One space is a 2,634 square foot former Burger King, a second-generation restaurant space boasting substantial existing infrastructure, including black iron venting, ovens, fryers, and ample walk-in coolers and freezers – ideal for a quick-service restaurant or similar food operator. The second space is a 2,207 square foot inline restaurant space featuring black-iron ventilation. Both spaces benefit from excellent visibility and co-tenancy within this established shopping center. The property also offers convenient customer parking for 85 vehicles and 72 residential units above, ensuring a steady flow of potential customers. The property is zoned PD 1095 in Cook County, Illinois, and offers a unique opportunity to establish a thriving business in a culturally rich and densely populated area. This location provides easy access to major transportation routes and benefits from a strong local community. The building's size and layout offer flexibility for various retail and restaurant concepts. This is a rare chance to secure a well-positioned space in a thriving Chicago neighborhood.

4720 Cottage Grove Ave, Chicago, Illinois

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8088
Longitude
-87.6074
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$98,458
$15,417
$400,695
$416,112
-
$61,668
$1,602,780
$1,664,448

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