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Listed by Mark Ahmadof Century 21 Circle
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Est. payment /mo
11,848 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 11,848 sqft
MLS Listing ID 12571884
Annual Tax Amount $160,176
Tax Year 2024
Lot Dimensions 145x125
Property Sub-Type Bus / Bus w/Real Est
Property Description
Located in the Greater Grand Crossing community on Chicago's South Side, just south of Woodlawn and near the Cottage Grove commercial corridor, this 2-Star, 37-room motel exterior corridor was built in 1971 offering 12,000 building Sq. ft. with about 18,000 Sq. ft. of land. The 2-Story motel property offers standard amenities and convenient main-level parking. About 3-miles south of the Obama Presidential Library site near 63rd & Stony Island, the property benefits from ongoing South Side revitalization and corridor reinvestment. The surrounding area features active commercial redevelopment, strong traffic counts, walkable neighborhood retail and services. About 1-mile proximity to the Dan Ryan Expressway with Public transportation includes access to the Metra Electric Line,91st St. station and CTA bus routes providing connections to downtown Chicago and surrounding neighborhoods. Zoned B3-2 Commercial, allowing a wide range of retail, warehouse, mixed-use, and residential-above-retail uses, presenting flexibility for repositioning or redevelopment. The area also qualifies for City of Chicago and local grant initiatives supporting business and property improvements.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Concrete
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Joanna Lewkowicz
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+1(708) 963-0011 | joanna@boutiquehomerealty.com