1 E Cermak Road Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60616
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12434064
Annual Tax Amount $9,786
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 110x107.25
Property Sub-Type Land
Property Description
AUCTION 09/18/2025: 1 E. CERMAK ROAD is a 15,410 square foot development site is available for sale via sealed bid auction. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, an office and more. The site is close to the 62-acre riverfront development known as "The 78", which is now planned to be developed as a soccer stadium for the Chicago Fire, it is possible that an intermediate use would be parking. McCormick Place, Wintrust Arena, historic Motor Row, Chinatown and a several new and exciting developments and rehabs. The South Loop is a very desirable area for a residents and businesses alike. Since the addition of the Cermak Green Line station, this area has seen significant development including hotels, offices, bars, restaurants and more.
Location
State IL
County Cook
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electricity Available,Natural Gas Available,Sewer Connected,Water Available
View Y/N true
Schools
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition None