$310,000
$399,000
22.3%For more information regarding the value of a property, please contact us for a free consultation.
6337 S Martin Luther King DR Chicago, IL 60637
2,376 SqFt
Key Details
Sold Price $310,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 2,376 sqft
Price per Sqft $130
MLS Listing ID 12222532
Sold Date 05/24/25
Year Built 1999
Annual Tax Amount $48,857
Tax Year 2023
Lot Dimensions 149 X 224
Property Sub-Type Retail/Stores
Property Description
This site is located in a Federal Opportunity Zone, 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 +/- 40 car parking OR 2) this can be a 27,776 SF (124 x 224) Development site. The property has multiple tax benefits! In addition to the Opportunity Zone it is in a Federal Enterprise Zone and a City of Chicago TIF District. If developed there are anticipated tax credits as a Transit Oriented Development site. It is currently zoned B3-3. The property is vacant and has emptied of all restaurant equipment. This will be an "AS IS" sale. 4 PIN numbers.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning COMMR
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Building
Level or Stories 1
Structure Type Brick
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Noman Khan • NA Commercial Real Estate Inc