2500 S Wabash Ave
Chicago, IL 60616
Redevelopment Land in TIF & Opportunity Zone · Land For Sale · 1.11 AC

2500 S. Wabash is located in Bronzeville, which is bordered by I-55 on the north, 51st on the south, Dan Ryan on the West, and the lake on the East. Long known for being home to many affluent African American professionals, it has begun to re-emerge as a vibrant community with a new Mariano’s at 39th and Martin Luther King Drive. Also the IIT Campus plans to open the Ed Kaplan Institute for Innovation in late 2018. Mercy Hospital, a half mile from the site, is a major employer in the area with parking one block east of site. The new Pedestrian Bridge, a $28m development project at 41st street, broke ground in June 2017. Also in June 2017 the city selected a redevelopment team for the 49 ac. former Michael Reese site. The Bronzeville area has also seen an influx of Asian residents, moving east for retail and residential properties as Chinatown becomes more and more expensive and Bronzeville still provides affordable alternatives.