Development site in an Opportunity Zone and TIF district
$699,000
6337 S. Dr. Martin Luther King Dr. Chicago, IL 60637
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About this listing
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.
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Building Size
2,376 sqft
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Lot Area
27,776 sqft
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Zoning
B3-2
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MLS ID
11918077
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Floors
1
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Parking Spots
50
DESCRIPTION
- • Lot Dimension: 224 x 124
- • Annual Tax: $ 49791.0
- • Max Contiguous Area: 0.0
