$1,900,000

4659 S Cottage Grove Avenue, Chicago, IL 60653

  • 20,171 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon0.82acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $94/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

MoHall Commercial proudly presents an unparalleled opportunity to own a piece of Chicago's storied Bronzeville neighborhood, an area undergoing a transformative renaissance. This is an extraordinary chance to purchase a historic landmark in the heart of Chicago's burgeoning Bronzeville neighborhood, an area at the forefront of urban revitalization and growth. Built in 1922 as the South Side Trust and Savings Bank, this iconic 20,171 square foot building showcases stunning Classical Revival architecture by renowned architect Albert A. Schwartz, featuring limestone facades, grand Corinthian columns, and intricate architectural details that make this a standout property for any visionary developer. The property's B1-1 zoning allows for a wide array of potential uses, including mixed-use development, retail, office space, or even a residential conversion. Situated on a highly visible corner lot, the building benefits from dual street frontage, offering exceptional exposure to both vehicle and foot traffic. The property is further enhanced by two adjacent parking lots, providing significant value for future commercial tenants or customers seeking convenience. The strategic location and flexibility of this property make it ideal for developers looking to capitalize on the ongoing transformation of Bronzeville. Bronzeville, historically significant and culturally rich, is undergoing a resurgence driven by major public and private investments, including the Bronzeville Lakefront megadevelopment just minutes away. This major project will bring an influx of new residential units, retail spaces, and life sciences facilities, cementing the area as a hub for innovation and growth. The property is also close to several cultural landmarks, including the DuSable Museum of African American History and the forthcoming Obama Presidential Center, ensuring that this location will continue to benefit from increasing foot traffic, tourism, and community investment. The area is home to thriving businesses, restaurants, and retail, and developers will appreciate its proximity to major transportation routes. The property is easily accessible via CTA bus routes, the Green Line station, and is a short drive from Lake Shore Drive, I-90/94, and I-55, making travel to and from downtown Chicago and the surrounding areas seamless. In addition, the proximity to the University of Chicago and the Medical District positions the property at the intersection of education, healthcare, and business, making it an attractive location for a wide range of potential tenants or buyers. For developers, this site offers limitless possibilities. Whether you envision creating a mixed-use hub, a luxury residential conversion, or a corporate office space, 4659 S Cottage Grove Ave stands ready for a transformative project that will add value to the already flourishing Bronzeville neighborhood. As the Bronzeville area continues to see heightened development and economic activity, the opportunity to own a historic, well-located property like this is truly rare. Take advantage of this opportunity to shape the future of Bronzeville. With its historic charm, prime location, and proximity to major investments and cultural landmarks, 4659 S Cottage Grove Avenue is poised for its next chapter.

Listing Status:
Active
Listing Office:
MoHall Commerical & Urban Development : 312-826-9925
Listing Agent:
Moses Hall : 312-826-9925
MLS ID:
12273118
  • A/C: Central Air

This listing courtesy of Moses Hall, MoHall Commerical & Urban Development

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Woodson South Elementary School

4414 S Evans Ave, Chicago, IL, 60653

Grades PK-8

0.28 miles away

W

Woodson South Elementary School

4414 S Evans Ave, Chicago, IL, 60653

Grades PK-8

0.28 miles away

K

King College Preparatory High School

4445 S Drexel Blvd, Chicago, IL, 60653

Grades 9-12

0.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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