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.
Active
$1,500,000
1 E Cermak Rd, Chicago, IL 60616
--beds
--baths
3,049Square Feet
Unimproved Land
Built in ----
3,049 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 413 days
- 87
- 2
Zillow last checked:
Listing updated:
Listed by:
Daniel Hyman 312-338-3000,
Millennium Properties RE, Inc.,
Brad Thompson,
Millennium Properties RE, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12434064
Facts & features
Property
Features
- Frontage length: 110
Lot
- Size: 3,049 Square Feet
- Dimensions: 110x107.25
Details
- Additional parcels included: 17271000020000
- Parcel number: 17271000010000
- Zoning: COMMR
- Special conditions: None
Utilities & green energy
- Utilities for property: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $502,650
- Annual tax amount: $9,786
- Date on market: 7/31/2025
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Price change | $1,500,000+144.7% |
Source:  MRED as distributed by MLS GRID #12434064 Report a problem | ||
| 7/31/2025 | Listed for sale | -- |
Source: MRED as distributed by MLS GRID #12434064 Report a problem | ||
| 12/4/2019 | Sold | $613,107 |
Source: MRED as distributed by MLS GRID #10511530 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2020 | $11,197 +10.9% | $50,265 |
| 2019 | $10,099 +1.7% | $50,265 |
| 2018 | $9,929 +11.4% | $50,265 +21.4% |
| 2017 | $8,911 +7.5% | $41,395 |
| 2016 | $8,291 +9.3% | $41,395 |
| 2015 | $7,585 +15.2% | $41,395 +16.7% |
| 2014 | $6,583 +2% | $35,481 |
| 2013 | $6,453 | $35,481 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: South Loop
Nearby schools
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