1347 W 47th St
Chicago, IL 60609
New City new construction retail For Lease · Property For Lease

New construction retail storefront for lease in up and coming New City neighborhood, which consists of Canaryville and Back of the Yards neighborhoods, is one of 10 priority communities selected as a part of the initial phase of Mayor Lightfoot’s INVEST South/West commercial corridor improvement strategy. Great opportunity to start your business and work directly with the developer. The East unit is 1250 SF and the west unit is 1100 SF or lease the entire space for a total of 2350 SF. 'Vanilla Shell' delivery, with open plumbing before your build-out. All build-out must go through the owner's construction company, the owner will provide a competitive quote and adequate delivery per the lessee's plan. 1100 SF Gross Rent = $2520.83 per month 1250 SF Gross Rent = $2864.60 per month Both units for 2250 SF = $5385.43 per month New City winning development project, United Yards, is a $51.5 million joint venture of Celadon Partners and the Blackwood Group planned for multiple vacant and improved properties near Ashland Avenue and 47th Street. The project will redevelop a vacant, City-owned lot at 1515 W. 47th St. with a 50-unit affordable apartment building that includes a ground floor business hub and youth programming space. Additional phases will revitalize a largely vacant, four-story commercial building at 4701 S. Ashland Ave. with 30 senior rental apartments and a ground-floor coffee shop; redevelop vacant land at 1641 W. 47th St. with a pair of affordable, three-flat buildings; and enhance an existing supportive living center at 4707 S. Marshfield Ave. with a medical clinic, dialysis center, and park space. The proposed project will create 44 permanent jobs and more than 330 construction jobs. Learn more about the project INVEST South/West Back of the Yards RFP: United Yards here: https://www.youtube.com/watch?v=xxe143ihVqc