$299,000
6301 S WESTERN Avenue
Chicago, IL, 60636
The Gaynor Building is an excellent Chicago Lawn redevelopment opportunity. The subject property sits at the SEC of the signalized intersection of 63rd St. and Western Ave., it occupies the entire 13,000 sf land site and is presently vacant and ready for redevelopment. An astute developer could consider new retail with offices up, retail with 28 residential units up or, the true visionary, might take advantage of the exposure to 31,600 VPD, demolish the entire building and deliver a much needed QSR/drive-thru solution. B1-2 zoning allows for a variety of uses and the property resides squarely in an Opportunity Zone. Further, because the CTA’s #63 (63rd St.) and #49 (Western Ave.) bus stops are at the front door, any future residential play would likely be considered a Transit Oriented Development (TOD) and if you don’t think the city could use another 28 units of affordable housing, you don’t know this city! Other major area businesses include: Marquette Bank, Jewel, Walgreens, Pep Boys, Chase Bank, Murray Auto and other new strip centers coming online. 16th Ward Alderman Stephanie Coleman runs the show. Information deemed reliable, but not guaranteed. Use diligence. Please note: The asset is being sold as part of a larger 7 building 58-unit package. Please check under the Additional Information tab. PROPERTIES ARE AVAILABLE INDIVIDUALLY!
Property Details
Price:
$299,000
MLS #:
MRD11298860
Status:
Pending
Beds:
0
Baths:
0
Address:
6301 S WESTERN Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Jan 5, 2022
State:
IL
Finished Sq Ft:
35,595
ZIP:
60636
Year Built:
1924
Schools
Interior
Cooling
None
Flooring
Concrete
Exterior
Construction Materials
Brick
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2020
Taxes
$28,031
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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6301 S WESTERN Avenue
Chicago, IL
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