2544 E 83rd Street,Chicago, IL 60617
Chicago, IL 60617
Description
Welcome to South Chicago's next premier business opportunity - a dynamic mixed-use property offering endless potential in a rapidly evolving corridor. Formerly home to two separate businesses, a bar and salon, this expansive commercial space has already undergone major improvements, including a brand-new tear-off roof and a completely gutted to the studs in preparation for a large-scale restaurant and bar concept. Architectural plans are included with the sale, creating a seamless path for your vision to become reality. Designed with flexibility in mind, the massive steel-framed structure offers a rare clear-span layout with uninterrupted floor-to-ceiling window lines, delivering exceptional natural light, visibility, and design possibilities. Whether you envision a trendy restaurant, upscale lounge, cafe, boutique retail space, gym, creative studio, or professional office, this property is ready to accommodate your next venture. Above the commercial space, the attached residential apartment provides the ultimate live/work opportunity, featuring three spacious bedrooms, one-and-a-half baths, and both front and rear outdoor decks perfect for relaxing or entertaining. A large gated backyard and expansive on-site parking add even more convenience and functionality. Ideally located near the future Quantum Computing Campus and surrounded by ongoing neighborhood investment and development projects, this property is positioned to benefit from continued growth, increased demand, and long-term value appreciation. This is a unique chance to establish your business, invest in a transforming community, and create something truly exceptional. Schedule your private tour today and explore the possibilities waiting in South Chicago!
Details
| MLS # | 12711380 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 50 |
| Listing Provided By | Fulton Grace Realty | Richard Lomax |
Features
| SQ Feet | 4,920 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | OTHER |
Interior
| Cooling | Window Unit(s) |
|---|
Exterior
| Roof | Rubber |
|---|
Utilities
| Electric | Service - 101 to 200 Amps |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 4380 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60617 |
| Area | CHI South Chicago |
| Listing VS Median (in 60617) | |
Price: $275,000 low | high Med: $212,450 sqft: 4,920 low | high Med: 1,266 $ / sqft: $56 low | high Med: $175 On site: 50 low | high Med: 252.5 | |
Market Activity 60617
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60617 |
| Area | CHI South Chicago |
| Listing VS Median (in 60617) | |
Price: $275,000 low | high Med: $212,450 sqft: 4,920 low | high Med: 1,266 $ / sqft: $56 low | high Med: $175 On site: 50 low | high Med: 252.5 | |
