1456 W 47th Street, Chicago, IL, 60609

This is your perfect opportunity to invest in the Back of the Yards neighborhood. This building features 7,280 square feet as well as 10 parking spots. The parking could be more if the gated area was opened to create additional parking. This area is one of 10 priority communities selected as a part of the initial phase of Mayor Lightfoot's INVEST South/West commercial corridor improvement strategy. INVEST South/West's goal is to re-activate neighborhood cores that have historically served as focal points for pedestrian activity, shopping, services, transportation, public spaces and quality-of life amenities for local residents. The priority focus is the intersection of 47th Street and Ashland Avenue and adjacent blocks. The project will redevelop a vacant, City-owned lot at 1515 W. 47th St. with a 50-unit affordable apartment building that includes a ground floor business hub and youth programming space. Ground breaks Spring of 2022 with an estimated completion of August 2022. High traffic area for any new business!