#12325048, Anthony Hardy, Listing Office: Keller Williams ONEChicago
Property details
About 4501 S Cottage Grove Ave
Located in the vibrant Bronzeville neighborhood, this expansive 25,238 sqft commercial land offers a prime opportunity for companies in the technology, retail, or medical fields. For technology companies, the land's strategic location in the heart of Bronzeville offers easy access to a highly educated and diverse workforce, as well as proximity to leading research institutions and top-notch talent. Additionally, the area's thriving arts and culture scene, as well as its growing reputation as a hub for innovation, make it an attractive destination for tech startups looking to establish a presence in the area. Retail companies can take advantage of the land's prime location on a bustling commercial corridor, with excellent visibility and foot traffic. The site's expansive size offers ample space for large-scale retail operations, as well as potential for mixed-use development that could include residential and office components to create a dynamic and thriving community. For medical companies, the land's proximity to world-class hospitals and medical facilities, including the University of Chicago Medical Center, make it an ideal location for healthcare providers and medical research institutions. The site's large size and flexible zoning offer endless possibilities for customized development that can meet the specific needs of medical companies. Overall, this commercial land for sale on 4501 S Cottage Grove in Bronzeville presents a unique opportunity for companies in the technology, retail, or medical fields to establish a strategic presence in one of Chicago's most vibrant and dynamic neighborhoods. With its prime location, ample space, and endless potential, this site is sure to attract interest from a wide range of businesses seeking to capitalize on the area's many strengths. The B1-5 zoning classification for your commercial land on 4501 S Cottage Grove in Bronzeville offers a versatile range of commercial uses, including retail, service, and professional businesses. The maximum height allowed under this classification is 60 feet and the floor area ratio can be up to 2.2, which offers ample space for large-scale development without detracting from the surrounding neighborhood's character. With a variety of permitted uses, including banks, restaurants, retail stores, offices, and medical clinics, B1-5 zoning provides a flexible framework that can accommodate the needs of any business looking to establish a presence in Bronzeville. This zoning classification ensures that any development on the site complies with local regulations and maintains the area's integrity and character. Overall, the B1-5 zoning classification for your commercial land provides a solid foundation for creative and customized development, making it an ideal location for businesses in the technology, retail, or medical fields. Excellent opportunity to capitalize on future development in a robust market with strong economic growth and increasing demand in Bronzeville. 4501 South Cottage Grove is appx. 168.25x150, Lot Square Footage: 25238, this property is being sold "as-is".
Highlights
Home typeVacant Land
StatusActive
(Price Change)
(Price Change)
MLS #12341424
Summary
- MLS Number: 12341424
- MLS Name: MRED
- Office Name: Coldwell Banker Realty
- Office Phone: (773) 451-1200
- Listing Agent: Paulette Edwards
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$1,399,000
4501 S Cottage Grove Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 22, 2005 | Home Sold | $575,000 |
| May 02, 2001 | Home Sold | $385,000 |
| Dec 14, 2000 | Home Sold | $140,000 |
| Sep 21, 1999 | Home Sold | $109,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $22,714 | $5,359 |
| 2021 | $22,714 | $5,227 |
| 2020 | $22,714 | $5,789 |
| 2019 | $22,714 | $5,242 |
| 2018 | $22,714 | $5,137 |
| 2017 | $18,928 | $4,684 |
History based on county public records data.
Nearby schools
4
Univ of Chicago Charter-Nth Kenwood
Public Charter PK-5
0.5 mi
•1119 E 46th St
5
Robinson Elementary School
Public District PK-3
0.5 mi
•4225 S Lake Park Ave
5
Shoesmith Elementary School
Public District KG-6
0.9 mi
•1330 E 50th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,115. Residents of Chicago, IL typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
35%
<35k
60%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
31%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
15%
12-17 yrs old
22%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Music Concerts
Where do the neighbors shop?
Banana Republic
IKEA
H&M
Where do the neighbors go to eat?
Jack In The Box
Quiznos
Chipotle
What do the neighbors drive?
Toyota
Lexus
Volkswagen
What do the neighbors listen to?
Jazz
Soft Adult Contemporary- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4501 S Cottage Grove Ave
This home is located at 4501 S Cottage Grove Ave in Chicago, IL and zip code 60653 in the South Side neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $1,399,000.
In March 2025 more than 713 listings in Chicago, IL were sold above the asking price. During the same period more than 340 listings were sold at asking price, while more than 784 were sold below. The number of listings in Chicago, IL increased by 25.7% between February and March 2025. Listings spent 39 days on the market in March 2025, and had a median list price of $372,223 during the same period.
From Rocket Homes Real Estate and based on county public records data.