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