This site is located in a Federal Opportunity Zone as well as a City of Chicago TIF District If developed there are anticipated tax credits as a Transit Oriented Development site. It is 1/4 block from the 63rd & King Drive "EL" stop. There are several options for this location 1) Reuse this +/- 2,376 SF former fast food building with Drive-thru and +/- 50 car parking OR 2) this can be a 27,776 SF (124 x 224) Development site. The property has multiple tax benefits! It is currently zoned B3-3. The property is vacant and has been emptied of all restaurant equipment. This will be an "AS IS" sale.
| Property Type | Retail |
|---|---|
| Property Use | Other Commercial |
| Level Number | 1 |
| Lot Dimensions | 224 x 124 |
| Zoning | B3-2 |
| Tax Year | 2022 |
| Listing ID | MVLS7Q |
| MLS ID | 11918077 |
| Building Size | 2,376 SF |
| Lot Size | 27776 SF |
| Taxes | $49,791 |
Region: Illinois
Region: Chicago
Region: West Woodlawn
| Parking Places: | 50 |