556 47th St - Bronzeville Land Parcel Available 21,000 Acres of Commercial Land Offered at $1,155,000 in Chicago, IL 60653

Presented by the Midwest Investment Advisors team with KW Commercial and Keller Williams ONEChicago. Located in the thriving neighborhood of Bronzeville, Chicago, this land parcel portfolios offers a prime opportunity to invest in an area poised for development. With significant cultural value and a rapidly growing economic landscape, Bronzeville is attracting attention from developers, businesses, and investors alike. This land portfolio includes 2 parcels, all strategically located to capitalize on the neighborhood's ongoing revitalization and increasing demand for both residential and commercial developments.
The land parcels in this portfolio range in size and zoning, offering flexibility for various development possibilities. These include:
556 E 47th St. | 14,980 SF | Zoned B3-2. | APN - 20-03-424-025-0000
4644 S Saint Lawrence | 6,020 SF | Zoned B3-2. | APN - 20-03-424-017-0000
Total | 21,000 SF | Zoned B3-2. | Purchase Price - $1,155,000
Bronzeville Neighborhood Development
Bronzeville has become a key area for urban development in Chicago, benefiting from several major projects. The Bronzeville Lakefront Project is one of the largest undertakings in the area, transforming the former Michael Reese Hospital site into a mixed-use development that includes residential units, retail, and office spaces. Additionally, the Artis Senior Living Center and Boxville Marketplace continue to shape the neighborhood’s identity, bringing commercial activity and community-focused ventures to the area.
Positive Economic Indicators
Bronzeville’s economic outlook is highly favorable for investors:
Rising Property Values: The neighborhood has seen significant appreciation in property values, fueled by development projects and increasing demand.
Job Growth: Employment opportunities, particularly in healthcare, education, and technology, are expanding, contributing to the neighborhood's economic vitality.
Transportation Access: Bronzeville boasts excellent public transportation options, making it a convenient location for both residents and businesses.
Overall, this land parcel represents a strong investment opportunity in a neighborhood that combines historical significance with modern economic growth. With competitive pricing and a variety of development possibilities, these land parcels are well-positioned to benefit from the ongoing transformation of Bronzeville.