Pending

6301 S WESTERN Avenue

Chicago IL, 60636

$299,000


$8.40 per sqft

Pending

35,595 sqft

Commercial

Built in 1924

Courtesy of SRFG, Inc

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!

11298860

MLS ID

January 5, 2022

Listed

March 28, 2024

Updated

Map

6301 S WESTERN Avenue
Chicago IL, 60636

Interior Features

Total Stories

2


Floor Description

Concrete


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.31 Acres

Other Property Details

Area Name

CHI - Chicago Lawn


Taxes

$28,031


Tax Frequency

Annually


Days on Market

294


Garage

No


View

No


County

Cook


Pool

No


Zoning

COMMR

Courtesy of SRFG, Inc, Scott Siegel,
Listing Contact: 773-968-1110 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Second City Agents are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data last updated 3:56 AM UTC, 3/28/2024

 

 

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