4501 South Cottage Grove Avenue

4501 South Cottage Grove Avenue

Chicago, IL 60653

$1,499,000
Price
25,237 / 0.58
Lot Size / Acres

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Description

Located in the vibrant Bronzeville neighborhood, this expansive 25,238 sqft commercial land offers a prime opportunity for companies in the technology, retail, or medical fields. For technology companies, the land's strategic location in the heart of Bronzeville offers easy access to a highly educated and diverse workforce, as well as proximity to leading research institutions and top-notch talent. Additionally, the area's thriving arts and culture scene, as well as its growing reputation as a hub...Located in the vibrant Bronzeville neighborhood, this expansive 25,238 sqft commercial land offers a prime opportunity for companies in the technology, retail, or medical fields. For technology companies, the land's strategic location in the heart of Bronzeville offers easy access to a highly educated and diverse workforce, as well as proximity to leading research institutions and top-notch talent. Additionally, the area's thriving arts and culture scene, as well as its growing reputation as a hub for innovation, make it an attractive destination for tech startups looking to establish a presence in the area. Retail companies can take advantage of the land's prime location on a bustling commercial corridor, with excellent visibility and foot traffic. The site's expansive size offers ample space for large-scale retail operations, as well as potential for mixed-use development that could include residential and office components to create a dynamic and thriving community. For medical companies, the land's proximity to world-class hospitals and medical facilities, including the University of Chicago Medical Center, make it an ideal location for healthcare providers and medical research institutions. The site's large size and flexible zoning offer endless possibilities for customized development that can meet the specific needs of medical companies. Overall, this commercial land for sale on 4501 S Cottage Grove in Bronzeville presents a unique opportunity for companies in the technology, retail, or medical fields to establish a strategic presence in one of Chicago's most vibrant and dynamic neighborhoods. With its prime location, ample space, and endless potential, this site is sure to attract interest from a wide range of businesses seeking to capitalize on the area's many strengths. The B1-5 zoning classification for your commercial land on 4501 S Cottage Grove in Bronzeville offers a versatile range of commercial uses, including retail, service, and professional businesses. The maximum height allowed under this classification is 60 feet and the floor area ratio can be up to 2.2, which offers ample space for large-scale development without detracting from the surrounding neighborhood's character. With a variety of permitted uses, including banks, restaurants, retail stores, offices, and medical clinics, B1-5 zoning provides a flexible framework that can accommodate the needs of any business looking to establish a presence in Bronzeville. This zoning classification ensures that any development on the site complies with local regulations and maintains the area's integrity and character. Overall, the B1-5 zoning classification for your commercial land provides a solid foundation for creative and customized development, making it an ideal location for businesses in the technology, retail, or medical fields. Excellent opportunity to capitalize on future development in a robust market with strong economic growth and increasing demand in Bronzeville. 4501 South Cottage Grove is appx. 168.25x150, Lot Square Footage: 25238, this property is being sold "as-is".
  1. Listed by Sybil Martin • Coldwell Banker Realty
  2. Listed by Paulette Edwards • Coldwell Banker Realty

Property Details for 4501 South Cottage Grove Avenue

Area
CHI - Kenwood
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
COMMR

Location

Listing Courtesy of Coldwell Banker Realty
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LISTING UPDATED: 03/21/2024 12:21 PM

Property Details for 4501 South Cottage Grove Avenue

StatusActive
MLS #11463077
Days on Market684
Taxes$5,790 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.58 AC
CountyCook County

Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 4501 South Cottage Grove Avenue

Lot Size0.58 AC

Payment Calculator

$8,663 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,181

Property Taxes

$483

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4501 South Cottage Grove Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 168.2
  • Frontage Type: City Street, Alley Access
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: Yes
Utilities / Equipment
  • Utilities: Electric Nearby, Water-Municipal, Water Nearby
Property/Lot Information
  • Lot Size: 1.0-1.99 Acres
  • Lot Dimensions: 168.25X150
  • Approx Land Sq Footage: 25238
  • Buildings on Land: No
  • Waterfront: No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 4501
  • East Coordinate: 800
  • West Coordinate: 0
Property and Assessments
  • Possible Use: Commercial, Condominium, Office and Research, Development, Recreational, Retail
  • Buyer Financing: Cash
  • Documents Available: Existing Survey
  • Public Document Count: 0
  • Photos Count: 8
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Agricultural
  • Land Description: Common Grounds
  • Location: Central Business District,Corner,Mixed Use Area
  • Rail Availability: None
  • Road Surface: Concrete
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 4501 South Cottage Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4501 South Cottage Grove Avenue

Taxable ValueLand$22,714Additions-Total$22,714
Tax Record2022$5,360 ($447 / month)
Home Facts
Beds0Total Finished SqFt7,700 SqFtAbove Grade Finished SqFt7,700 SqFtStories1Lot Size25,238 SqFtStyleMiscellaneous Vacant LandYear Built1908CountyCOOKAPN20-02-311-001

Schools near 4501 South Cottage Grove Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Ariel Elementary Community Academy
Public - PK to 8
King College Prep High School
Public - 9 to 12
LITTLE BLACK PEARL ARTS ACAD HS
Public - 9 to 12
Univ of Chicago Chtr-Nth Kenwood
Charter - PK to 5
Rating
School
Distance
Ariel Elementary Community Academy
PublicPK to 8

King College Prep High School
Public9 to 12

LITTLE BLACK PEARL ARTS ACAD HS
Public9 to 12

Univ of Chicago Chtr-Nth Kenwood
CharterPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4501 South Cottage Grove Avenue, Chicago, IL 60653

4501 South Cottage Grove Avenue is a 0.58 ac of land for sale in Chicago, IL 60653. This property was listed for sale on July 13, 2022 by Coldwell Banker Realty, it's currently listed at $1,499,000. It has been on the market for a total of 684 days and was last sold on July 12, 2005. This listing's school district is City Of Chicago School District 299. Nearby schools include Ariel Elementary Community Academy, King College Prep High School and LITTLE BLACK PEARL ARTS ACAD HS. 4501 South Cottage Grove Avenue is a 0-bed, 0-bath, 0.58 ac of land on a 25,237 sq. ft. / 0.58 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.