With 8 parcels of land and utilities already in place, the possibilities for development of this commercial space are virtually endless. Developing a commercial space in an underserved community can be an excellent opportunity to provide much-needed services and support to the local population. Some ideas for services are listed below. Develop a grocery store in a food desert. Develop medical clinics or hospitals that offer quality healthcare services to the community. Build schools or educational centers that provide access to education and vocational training for people in the community. Develop affordable housing options for low-income families and individuals who are struggling to find suitable housing. Develop community centers that offer a range of services, including after-school programs, sports facilities, and job training programs. Develop commercial spaces for local businesses to help stimulate economic growth and create jobs in the community. Use the land to construct commercial buildings for businesses like offices, retail stores, or restaurants. Develop a mixed-use space: Combine commercial buildings with residential apartments or condos to create a mixed-use space that offers the best of both worlds. Use the land to construct a shopping center with multiple retail stores, restaurants, and entertainment venues. The possibilities are truly endless. With utilities already in place, this property is ready for development, and the potential for growth and profitability is immense. Please call for more information. Please note these properties must be sold as a package. The seller will not break up the parcels. There are a total of 8 parcels . The addresses are from7639 S Racine to 7659 S Racine . The property is zoned as B1-1 .
Property Map
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Property Details
Utilities
Heating
Cooling None
Water
Sewer
Additional Information
Schools
District 299
Payment Calculator
Listing History
04-16-2023
Listed at $180,000
06-20-2023
Price decreased by $15,000 to $165,000
04-17-2024
Status changed to Expired
Last Modified 4/17/24 12:05 AM
Nearby Transportation
Bus 44
< 0.1 mi
Bus 75
0.1 mi
Bus 79
0.3 mi
Bus 8
0.5 mi
Bus 9
0.5 mi
Bus 169
0.6 mi
Bus X9
0.6 mi
Bus 8A
0.6 mi
Bus 67
1.0 mi
Bus 48
1.0 mi
Bus 24
1.0 mi
Bus 94
1.1 mi
I 94 East
1.4 mi
I 94 West
1.5 mi
I 90 East
2.0 mi
I 90 West
2.1 mi
Hwy 57
2.8 mi
Hwy 57
2.8 mi
For More Information
(312) 528-9200
For more information about 7639 S Racine, Chicago, IL 60620 contact Corcoran Urban Real Estate.
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Listing provided by Keller Williams Preferred Rlty
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