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512 E 47th St 5,000 SF 100% Leased Retail Building Chicago, IL 60653 $418,776 CAD ($83.76 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Bronzeville location on the busy 47th Street corridor with strong foot traffic.
- CTA Green Line station is just 0.3 miles away, offering excellent transit access.
- Two ground-floor retail storefronts plus a full open second floor for flexible use.
- Close to Harold Washington Cultural Center and major neighborhood amenities.
- Highly walkable and bike-friendly area with strong connectivity.
- Ideal for retail, office, or residential conversion under B1-3 zoning.
EXECUTIVE SUMMARY
Discover a prime redevelopment opportunity in the heart of Bronzeville! This solid brick mixed-use building offers approximately 5,000 sq ft of flexible space on a 68.75' x 120' lot.
The property features two ground-floor retail storefronts and a full, open second floor: ideal for office conversion, residential units, or creative workspace. Falling in the B1-3 zoning classification, this site provides exceptional versatility for investors and developers.
Feel free to reach out if you have any questions!
The property features two ground-floor retail storefronts and a full, open second floor: ideal for office conversion, residential units, or creative workspace. Falling in the B1-3 zoning classification, this site provides exceptional versatility for investors and developers.
Feel free to reach out if you have any questions!
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1940
Price
$418,776 CAD
Price Per SF
$83.76 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.19 AC
Zoning
B1-3 - Ground Floor (Commercial):
Retail, Restaurants, etc..
Second Floor (Commercial or Residential)
All of the Above, Multifamily, or Office
Frontage
71’ on E 47th St
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-03-424-019-0000 | Improvements Assessment | $84,092 CAD |
| Land Assessment | $72,082 CAD | Total Assessment | $156,174 CAD |
PROPERTY TAXES
Parcel Number
20-03-424-019-0000
Land Assessment
$72,082 CAD
Improvements Assessment
$84,092 CAD
Total Assessment
$156,174 CAD
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512 E 47th St
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