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South Side Trust and Savings Bank 4659 S Cottage Grove Ave

20,171 SF Retail Building Chicago, IL 60653 $1,900,000 ($94/SF)

Investment Highlights

  • Historic landmark with unique architectural elements, ideal for adaptive reuse or redevelopment
  • Access to two large parking lots, adding significant value for commercial use
  • 20,171 sq. ft. of flexible space, perfect for mixed-use, retail, office, or residential conversions
  • Close proximity to the Bronzeville Lakefront development, Obama Presidential Center, and key cultural institutions

Executive Summary

MoHall Commercial proudly presents an unparalleled opportunity to own a piece of Chicago's storied Bronzeville neighborhood, an area undergoing a transformative renaissance. This is an extraordinary chance to purchase a historic landmark in the heart of Chicago's burgeoning Bronzeville neighborhood, an area at the forefront of urban revitalization and growth. Built in 1922 as the South Side Trust and Savings Bank, this iconic 20,171 square foot building showcases stunning Classical Revival architecture by renowned architect Albert A. Schwartz, featuring limestone facades, grand Corinthian columns, and intricate architectural details that make this a standout property for any visionary developer. The property's B1-1 zoning allows for a wide array of potential uses, including mixed-use development, retail, office space, or even a residential conversion. Situated on a highly visible corner lot, the building benefits from dual street frontage, offering exceptional exposure to both vehicle and foot traffic. The property is further enhanced by two adjacent parking lots, providing significant value for future commercial tenants or customers seeking convenience. The strategic location and flexibility of this property make it ideal for developers looking to capitalize on the ongoing transformation of Bronzeville. Bronzeville, historically significant and culturally rich, is undergoing a resurgence driven by major public and private investments, including the Bronzeville Lakefront megadevelopment just minutes away. This major project will bring an influx of new residential units, retail spaces, and life sciences facilities, cementing the area as a hub for innovation and growth. The property is also close to several cultural landmarks, including the DuSable Museum of African American History and the forthcoming Obama Presidential Center, ensuring that this location will continue to benefit from increasing foot traffic, tourism, and community investment. The area is home to thriving businesses, restaurants, and retail, and developers will appreciate its proximity to major transportation routes. The property is easily accessible via CTA bus routes, the Green Line station, and is a short drive from Lake Shore Drive, I-90/94, and I-55, making travel to and from downtown Chicago and the surrounding areas seamless. In addition, the proximity to the University of Chicago and the Medical District positions the property at the intersection of education, healthcare, and business, making it an attractive location for a wide range of potential tenants or buyers. For developers, this site offers limitless possibilities. Whether you envision creating a mixed-use hub, a luxury residential conversion, or a corporate office space, 4659 S Cottage Grove Ave stands ready for a transformative project that will add value to the already flourishing Bronzeville neighborhood. As the Bronzeville area continues to see heightened development and economic activity, the opportunity to own a historic, well-located property like this is truly rare. Take advantage of this opportunity to shape the future of Bronzeville. With its historic charm, prime location, and proximity to major investments and cultural landmarks, 4659 S Cottage Grove Avenue is poised for its next chapter.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Deferred Maintenance
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,171 SF
Building Class
C
Year Built
1922
Price
$1,900,000
Price Per SF
$94
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.36
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
B1-1 - Neighborhood Shopping District. Retail storefronts on low-traffic streets. Apartments allowed above the ground floor.
Parking
40 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
173 FT on E 47th St

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Lower Level
  • 10,085 SF
  • Retail
  • -
  • Now

Discover an exceptional leasing opportunity at 4659 S Cottage Grove, strategically positioned in Chicago's historic Bronzeville neighborhood. This landmark property, originally constructed in 1922 as the South Side Trust and Savings Bank, offers 20,171 square feet of rentable commercial space, ideal for high-profile retailers seeking a prestigious location. The triple net lease is competitively priced at $16 per square foot. Architect Albert A. Schwartz's Classical Revival design imbues the space with unparalleled charm, featuring ornate limestone facades and majestic Corinthian columns. The building's historic grandeur is matched by modern amenities, including access to two expansive parking lots, ensuring convenience for both staff and patrons. 4659 S Cottage Grove is zoned B1-1, which supports a broad range of retail and service businesses at a pedestrian scale. Located at a bustling corner, the property boasts excellent visibility and high foot traffic, further enhanced by its proximity to major CTA bus routes and train stations. The area is a cultural hub, close to landmarks such as the DuSable Museum and the upcoming Obama Presidential Center, attracting a diverse and engaged customer base. The surrounding Bronzeville area is witnessing a significant transformation, highlighted by the $3.8 billion Bronzeville Lakefront megadevelopment. This project promises to rejuvenate the neighborhood with mixed-income housing, retail spaces, and a new life sciences hub, poised to draw even more business and visitors to the area. Embrace the opportunity to anchor your business in a location that seamlessly blends historical significance with a vibrant future.

  • 1st Floor
  • 10,086 SF
  • Retail
  • -
  • Now

Discover an exceptional leasing opportunity at 4659 S Cottage Grove, strategically positioned in Chicago's historic Bronzeville neighborhood. This landmark property, originally constructed in 1922 as the South Side Trust and Savings Bank, offers 20,171 square feet of rentable commercial space, ideal for high-profile retailers seeking a prestigious location. The triple net lease is competitively priced at $16 per square foot. Architect Albert A. Schwartz's Classical Revival design imbues the space with unparalleled charm, featuring ornate limestone facades and majestic Corinthian columns. The building's historic grandeur is matched by modern amenities, including access to two expansive parking lots, ensuring convenience for both staff and patrons. 4659 S Cottage Grove is zoned B1-1, which supports a broad range of retail and service businesses at a pedestrian scale. Located at a bustling corner, the property boasts excellent visibility and high foot traffic, further enhanced by its proximity to major CTA bus routes and train stations. The area is a cultural hub, close to landmarks such as the DuSable Museum and the upcoming Obama Presidential Center, attracting a diverse and engaged customer base. The surrounding Bronzeville area is witnessing a significant transformation, highlighted by the $3.8 billion Bronzeville Lakefront megadevelopment. This project promises to rejuvenate the neighborhood with mixed-income housing, retail spaces, and a new life sciences hub, poised to draw even more business and visitors to the area. Embrace the opportunity to anchor your business in a location that seamlessly blends historical significance with a vibrant future.

Space Size Space Use Position Available
Lower Level 10,085 SF Retail - Now
1st Floor 10,086 SF Retail - Now

Lower Level

Size
10,085 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size
10,086 SF
Space Use
Retail
Position
-
Available
Now

Lower Level

Size 10,085 SF
Space Use Retail
Position -
Available Now

Discover an exceptional leasing opportunity at 4659 S Cottage Grove, strategically positioned in Chicago's historic Bronzeville neighborhood. This landmark property, originally constructed in 1922 as the South Side Trust and Savings Bank, offers 20,171 square feet of rentable commercial space, ideal for high-profile retailers seeking a prestigious location. The triple net lease is competitively priced at $16 per square foot. Architect Albert A. Schwartz's Classical Revival design imbues the space with unparalleled charm, featuring ornate limestone facades and majestic Corinthian columns. The building's historic grandeur is matched by modern amenities, including access to two expansive parking lots, ensuring convenience for both staff and patrons. 4659 S Cottage Grove is zoned B1-1, which supports a broad range of retail and service businesses at a pedestrian scale. Located at a bustling corner, the property boasts excellent visibility and high foot traffic, further enhanced by its proximity to major CTA bus routes and train stations. The area is a cultural hub, close to landmarks such as the DuSable Museum and the upcoming Obama Presidential Center, attracting a diverse and engaged customer base. The surrounding Bronzeville area is witnessing a significant transformation, highlighted by the $3.8 billion Bronzeville Lakefront megadevelopment. This project promises to rejuvenate the neighborhood with mixed-income housing, retail spaces, and a new life sciences hub, poised to draw even more business and visitors to the area. Embrace the opportunity to anchor your business in a location that seamlessly blends historical significance with a vibrant future.

1st Floor

Size 10,086 SF
Space Use Retail
Position -
Available Now

Discover an exceptional leasing opportunity at 4659 S Cottage Grove, strategically positioned in Chicago's historic Bronzeville neighborhood. This landmark property, originally constructed in 1922 as the South Side Trust and Savings Bank, offers 20,171 square feet of rentable commercial space, ideal for high-profile retailers seeking a prestigious location. The triple net lease is competitively priced at $16 per square foot. Architect Albert A. Schwartz's Classical Revival design imbues the space with unparalleled charm, featuring ornate limestone facades and majestic Corinthian columns. The building's historic grandeur is matched by modern amenities, including access to two expansive parking lots, ensuring convenience for both staff and patrons. 4659 S Cottage Grove is zoned B1-1, which supports a broad range of retail and service businesses at a pedestrian scale. Located at a bustling corner, the property boasts excellent visibility and high foot traffic, further enhanced by its proximity to major CTA bus routes and train stations. The area is a cultural hub, close to landmarks such as the DuSable Museum and the upcoming Obama Presidential Center, attracting a diverse and engaged customer base. The surrounding Bronzeville area is witnessing a significant transformation, highlighted by the $3.8 billion Bronzeville Lakefront megadevelopment. This project promises to rejuvenate the neighborhood with mixed-income housing, retail spaces, and a new life sciences hub, poised to draw even more business and visitors to the area. Embrace the opportunity to anchor your business in a location that seamlessly blends historical significance with a vibrant future.

Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

BMO
Harold's Chicken
Jazzercise
Planet Fitness
The Original Pancake House
Citi
Native Foods
Roti Modern Mediterranean
Starbucks
Great Steak & Potato Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-02-315-006-0000
Land Assessment
$91,875
Improvements Assessment
$358,939
Total Assessment
$450,814
  • Listing ID: 33461424

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 4659 S Cottage Grove Ave, Chicago, IL 60653

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