1 E Cermak Rd Chicago, IL 60616
South Loop NeighborhoodEstimated payment $8,926/month
About This Lot
AUCTION 09/18/2025: 1 E. CERMAK ROAD is a 15,410 square foot development site is available for sale via sealed bid auction. 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. The South Loop is a very desirable area for a residents and businesses alike. Since the addition of the Cermak Green Line station, this area has seen significant development including hotels, offices, bars, restaurants and more.
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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% | -- |
| 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)
MLS Number: 12434064
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