Description
Prime owner-user or value-add opportunity in the heart of Chicago's Clearing neighborhood. This fully vacant, two-story office building offers approximately 9,744 SF on a 32,400 SF site with an exceptional on-site parking ratio (56 spaces) along the high-traffic 63rd Street corridor. Originally constructed in 1982, the property features efficient floor plates (~4,800 SF per floor) and is well-suited for a wide range of users including office, medical, service retail, or mixed-use conversion. Zoned B3-2, the asset provides significant flexibility for repositioning or redevelopment, with excess land and parking offering future upside. The fully vacant status allows an owner-user to immediately occupy the entire building or customize the space to their needs, while investors can capitalize on lease-up or adaptive reuse strategies. Strategically located just minutes from Midway Airport and major thoroughfares including Cicero Ave and I-55, the property benefits from strong accessibility, visibility, and a dense surrounding residential base. The area boasts a Walk Score of 78, with numerous nearby retail, dining, and service amenities supporting both employees and customers . This is a rare opportunity to acquire a well-located, flexible commercial asset with strong fundamentals, ample parking, and multiple paths to value creation in a supply-constrained submarket.
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School Ratings & Info
Description
Prime owner-user or value-add opportunity in the heart of Chicago's Clearing neighborhood. This fully vacant, two-story office building offers approximately 9,744 SF on a 32,400 SF site with an exceptional on-site parking ratio (56 spaces) along the high-traffic 63rd Street corridor. Originally constructed in 1982, the property features efficient floor plates (~4,800 SF per floor) and is well-suited for a wide range of users including office, medical, service retail, or mixed-use conversion. Zoned B3-2, the asset provides significant flexibility for repositioning or redevelopment, with excess land and parking offering future upside. The fully vacant status allows an owner-user to immediately occupy the entire building or customize the space to their needs, while investors can capitalize on lease-up or adaptive reuse strategies. Strategically located just minutes from Midway Airport and major thoroughfares including Cicero Ave and I-55, the property benefits from strong accessibility, visibility, and a dense surrounding residential base. The area boasts a Walk Score of 78, with numerous nearby retail, dining, and service amenities supporting both employees and customers . This is a rare opportunity to acquire a well-located, flexible commercial asset with strong fundamentals, ample parking, and multiple paths to value creation in a supply-constrained submarket.
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