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.
Vacant landProperty Type
3,049 sq ftLot Size
$492Price/Sq.Ft.
Listed by Daniel Hyman• Millennium Properties RE, Inc.
Listed by Brad Thompson• Millennium Properties RE, Inc.
Near South Side, located between Grant Park and McCormick Place, is a historic and lakefront Chicago neighborhood with museum campuses and skyline views. The neighborhood’s character concentrates along Michigan Avenue at Roosevelt Road, where museum steps, campus greens, and café patios meet steady foot traffic. The Museum Campus—anchored by the Field Museum, Shedd Aquarium, and Adler Planetarium—sets a cultural rhythm beside the lakefront. Prairie Avenue’s landmark row and the Clarke House Museum trace the area’s 19th-century roots, while modern high-rises line the park edge. Soldier Field and Burnham Harbor bring game days and sail masts into the streetscape. Wide boulevards, lakefront paths, and transit stops shape a walk-and-ride lifestyle.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Commuter bus and commuter train access
Exterior features
City street frontage
Asphalt road access
Lot dimensions approximately 110 x 107.25
Zoned for commercial (COMMR)
Home design
Land parcel (no buildings on site)
Located at the southeast corner of Cermak and State in Chicago
Construction
Fee simple ownership
Utilities
Electric available to site
Natural gas available
Water available
Sewer connected
Financial info
Special Service Area: No
Other
Parcel number 17271000010000 (additional parcel 17271000020000)
Holds earnest money; possession at closing
Annual tax (2023): $9,786.15
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
County
Cook County
APN
17271000010000
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Last updated by owner on Aug 4, 2023.
Historical weather
Chicago, IL • 60616
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Sun exposure
86/ 100
Very good sunlight
Sunscore
This home ranks in the top 11% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1 E Cermak Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $295,000 and $1,808,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $295K to $1.8M.