$1,500,000

Estimated payment $8,652/month

Total Views 4,784
0.07 Acre
$21,428,571 Price per Acre
3,049 Sq Ft Lot

About This Lot

1 E. CERMAK ROAD is a 15,410 square foot development site is available for sale. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, an office and more. The site is close to the 62-acre riverfront development known as "The 78", which is now planned to be developed as a soccer stadium for the Chicago Fire, it is possible that an intermediate use would be parking. McCormick Place, Wintrust Arena, historic Motor Row, Chinatown and a several new and exciting developments and rehabs.

Listing Agent

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 07/30/2025

Co-Listing Agent

Brad Thompson

Millennium Properties RE, Inc. License #471013662

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,786

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 110x107.25
  • Additional Parcels
  • Property is zoned COMMR

Utilities

  • Electricity To Lot Line

Property Details

Property Type

Land

Est. Annual Taxes

$9,786

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • General Information: Commuter Bus,Commuter Train
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.07
  • Lot Dimensions: 110x107.25
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 9786.15
  • Tax Year: 2023

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2025 07/30/25 For Sale $1,500,000 +144.7% --
03/08/2020 03/08/20 Off Market $613,107 -- --
12/04/2019 12/04/19 Sold $613,107 +104.4% -- View Prior Sale
10/31/2019 10/31/19 Price Changed $300,000 0.0% --
10/28/2019 10/28/19 Pending -- -- --
09/09/2019 09/09/19 For Sale $300,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12434064

Midwest Real Estate Data (MRED)