Commercial: Mixed Use - MLS# 12481511
Tools & Resources:
Description
Presented by The Noir Row Collective INSTITUTIONAL PORTFOLIO OPPORTUNITY Former St. Michael Catholic School Campus | South Shore STRATEGIC INVESTMENT OVERVIEW This rare institutional portfolio represents a convergence of historic significance and forward-thinking development potential. Six distinct properties on separate PINs create an exceptional mixed-use investment platform positioned strategically within South Shore's emerging tech corridor. Portfolio Components: * Multi-story primary academic facility with expansive classroom infrastructure * Historic church with architectural distinction * Multi-story convent building with residential conversion potential * Single-story educational annex with flexible programming space * Income-generating 2-unit residential with retail storefront * Single-family residence providing immediate occupancy or rental income MARKET INTELLIGENCE & POSITIONING Proximity Advantage: Minutes from major data center development positions this portfolio at the epicenter of South Shore's technological transformation. Our market analysis indicates strong correlation between data center proximity and adaptive reuse demand for office, tech facilities, and specialized commercial applications. Zoning Flexibility: RS-3 classification enables residential, community, civic, and commercial uses-providing strategic optionality for diverse development scenarios and multiple exit strategies. Infrastructure Quality: Institutional-grade construction standards throughout, including commercial kitchen facilities, multi-stall restroom infrastructure, basement prep areas, and recreational hall space designed for high-capacity utilization. DEVELOPMENT SCENARIOS Multi-Unit Residential Conversion: Substantial square footage and existing infrastructure create optimal conditions for boutique residential development within South Shore's evolving neighborhood landscape. Mixed-Use Commercial: Strategic combination of retail, office, and community space leveraging proximity to Lake Michigan and emerging tech sector growth. Adaptive Reuse Opportunities: Unique architectural elements and flexible floor plates ideal for creative office, co-working, event venues, or specialized commercial applications. Income Diversification: Existing rental income from 2-unit property provides immediate cash flow during development phases. STRATEGIC CONSIDERATIONS * Acquisition Flexibility: Properties available individually or as complete portfolio * Expansion Potential: Additional parking development opportunities via adjacent S. South Shore Drive properties * Location Premium: Blocks from Lake Michigan with established neighborhood infrastructure * Regulatory Position: Institutional use history provides favorable foundation for commercial applications Investment Philosophy: This portfolio exemplifies our approach of identifying assets where institutional quality meets emerging market dynamics, creating value through strategic vision and precise market timing. Properties offered as-is. Buyer verification required for all representations. Portfolio analysis and due diligence support available through The Noir Row Collective's institutional advisory services. Contact The Noir Row Collective for comprehensive market analysis, development scenario modeling, and strategic acquisition guidance.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60617
- Stories: 3
- Units: 5 units
- Zoning: MULTI
- # Of Apts: 30
- # Of Stores: 3
- Additional Parcels: Yes
- Approximate Age: Older
- Cooling: Zoned
- Directions: From 79th & South Shore Dr: Go N on South Shore Dr. 0.5 mi. Property on W side of street between 82nd & 83rd. From 87th & Stony Island: E on 87th to South Shore Dr. N on South Shore Dr. 0.7 mi. Property on W side. From Lake Shore Dr. & 79th: Exit W onto 79th. N on South Shore Dr. 0.5 mi. Property on W side. From 83rd & Exchange: W on 83rd to South Shore Dr. Property on SW corner.
- Fire Protection: Fire Extinguisher/s
- Geographic Locale: Chicago South
- Heat/Ventilation: Radiators
- Information: List Broker Must Accompany
- Lot Size Square Feet: 34450
- Main Type: Commercial Sale
- Property Sub Type: Mixed Use
- Tax Year: 2023
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