1 E Cermak Rd, Chicago, IL 60616
FOR SALE

1 E Cermak Rd
Chicago, IL 60616

South Loop

    $1,500,000

    Est. Mortgage $10,116/mo*
    Get Pre-Qualified

    $1,500,000

    Est. Mortgage $10,116/mo*
    Get Pre-Qualified

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    Description

    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.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for 1 E Cermak Rd

    Active Status

    MLS Status: Active

    Interior Features

    Appliances & Utilities
    Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
    Gas & Electric
    Has Electric on Property
    View
    No View

    Exterior Features

    Frontage
    Road Frontage: City StreetRoad Surface Type: AsphaltNot on Waterfront
    Farm & Range
    Frontage Length: 110

    Days on Market

    Days on Market: 180+

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Has Additional Parcels
    Property Information
    Parcel Number: 17271000010000Additional Parcels Description: 17271000020000

    Price & Status

    Price
    List Price: $1,500,000
    Status Change & Dates
    Possession Timing: Close Of Escrow

    Location

    Direction & Address
    City: Chicago
    School Information
    Elementary School District: 299Jr High / Middle School District: 299High School District: 299

    Agent Information

    Listing Agent
    Listing ID: 12434064

    Lot Information

    Lot Area: 3049.2 sqft

    Listing Info

    Special Conditions: None

    Business

    Business Information
    Ownership: Fee Simple

    Miscellaneous

    Mls Number: 12434064Back On Market Date: Fri Dec 05 2025

    Additional Information

    Source Internet Entire Listing DisplayMRD IDX Comments Reviews: YesMRD Listing On IDX Display: YesMRD Address On VOW Display: YesMRD AVM On IDX Display: YesMRD Price History On IDX Display: YesMRD Market Time On IDX Display: YesSource Internet Address DisplayMRD REMARKSINTERNET: YesMRD Remarks On VOW Display: Yes
    Last check for updates: about 8 hours ago
    Listing courtesy of: Daniel Hyman, (312) 338-3000
    Millennium Properties RE, Inc.
    Brad Thompson
    Millennium Properties RE, Inc.
    Source: MRED as distributed by MLS GRID, MLS#12434064
    Also Listed on MRED as distributed by MLS GRID.

    Price History for 1 E Cermak Rd

    DatePriceEventSource
    12/05/2025$1,500,000PriceChange
    MRED as distributed by MLS GRID #12434064
    07/31/2025$0Listed For SaleMRED as distributed by MLS GRID #12434064
    12/04/2019$613,107Sold
    MRED as distributed by MLS GRID #10511530
    11/09/2006$380,000Sold
    N/A

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    Property Tax and Assessment

    Year2023
    Tax$5,779
    Assessment$273,000
    Home facts updated by county records

    Comparable Sales for 1 E Cermak Rd

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    2628 S State St, Chicago, IL
    0.54
    Lot/Land
    $1,455,000
    12/24/25
    -
    -
    1924 S Carpenter St, Chicago, IL
    1.39
    Lot/Land
    $565,000
    07/15/25
    -
    -
    3255 S Canal St, Chicago, IL
    1.35
    Lot/Land
    $350,000
    11/04/25
    -
    -
    928 W 29th St, Chicago, IL
    1.44
    Lot/Land
    $272,000
    04/08/26
    -
    -
    2850 S Poplar Ave, Chicago, IL
    1.44
    Lot/Land
    $278,000
    11/21/25
    -
    -
    3331 S Emerald Ave, Chicago, IL
    1.61
    Lot/Land
    $249,600
    05/05/26
    -
    -
    1936 S May St, Chicago, IL
    1.47
    Lot/Land
    $120,000
    09/22/25
    -
    -

    Nearby homes

    Get a sense of prices in the area by checking nearby homes.
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    Assigned Schools

    These are the assigned schools for 1 E Cermak Rd.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    Neighborhood Overview

    South Loop
    See Local Highlights
    Neighborhood stats provided by third party data sources.

    What Locals Say about South Loop

    At least 491 Trulia users voted on each feature.

    • 93 % Say there are sidewalks

    • 92 % Say it's dog friendly

    • 85 % Say it's walkable to restaurants

    • 80 % Say it's walkable to grocery stores

    • 79 % Say streets are well-lit

    • 65 % Say there's holiday spirit

    • 56 % Say kids play outside

    • 56 % Say people would walk alone at night

    • 55 % Say they plan to stay for at least 5 years

    • 50 % Say neighbors are friendly

    • 49 % Say parking is easy

    • 43 % Say car is needed

    • 42 % Say it's quiet

    • 39 % Say there are community events

    • 37 % Say yards are well-kept

    • 22 % Say there's wildlife

    Sourced by Trulia users. Learn more about our methodology.
    • Dejonee Oakley
      "Great place to live very good area nice people but Chicago is a city not a neighborhood so when you look at it as a whole then you will see it’s more than just that! "
      0
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    • F4fgwmv4n8
      "I’m in rural Alaska with no public transportation. Everyone has their means of transportation. If not, we have taxis. Commute is very short. "
      0
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    • Adrianalaurahernandez
      "I’ve lived in the neighborhood for 14 years. It feels like a small town community in the middle of the heart of the city."
      0
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    • Jordanhaye07
      "I’ve lived in the neighborhood for 4 years. It’s a great place to single,over 30 and under 50 people"
      1
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    • Trulia User
      "Bookfest lalapalooza skatepark volleyball and other fun stuff. Pizza time is great as well. The South Loop is just really neat."
      0
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    • Trulia User
      "This area is very low-key and quiet at times. Family oriented, as well as young professionals. Sense of community with the local businesses and soldier field being local"
      6
      Flag
    • Trulia User
      "Nice neighborhood and wonderful parks and lake front. Public transportation is abundant. Restaurants and grocery stores are close by as well. Colleges, and students abound. "
      2
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    • Trulia User
      "Little grass but tree spots that compensate for that. There are a lot of parks close by however that make up for not having grass everywhere. "
      2
      Flag
    • Trulia User
      "Good School system and decent neighborhood. Diverse for the most part. Would definitely stay here if I found another home. "
      1
      Flag
    • Trulia User
      "Roosevelt Station and bus service can get you anywhere in the city. I can get from my apartment to Midway in less than 30 minutes. "
      0
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    • Trulia User
      "I know some one that live in the Neighborhood And I’ve visited and everything seems to be pleasant high and quiet"
      0
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    • Trulia User
      "Neighborhood with a lot of beautiful real estate & high end shops along with essential commissaries & department stores."
      1
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    • Trulia User
      "They have a few doggie parks in and around the area. It’s been many people able to walk their dogs up and the down the streets! "
      1
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    • Trulia User
      "great place for walking your dog . dog park located on 14th & wabash. friendly community, city life, everything is walking distance "
      1
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    • Trulia User
      "It’s a very knit community, Great stores nice parks for your children everything‘s in walking distance, Awesome views of Lake Michigan"
      0
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    • Trulia User
      "Very dog friendly! Close proximity to dog parks, people pick up after their dogs, and lots of pet shops and veterinarians nearby."
      0
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    • Trulia User
      "Great people & food Amazing places to shop, I love the scenery I can look out my window and see the lakefront. & the Neighborhood as well police"
      0
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    • Trulia User
      "There are at least 1/2 dozen dog parks here and plenty of quiet streets with light traffic which makes it easy to walk dogs without worrying about cross traffic"
      0
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    • Trulia User
      "As long as you have a parking spot in the garage everything’s great closest soldier Field close to the shed aquarium bike paths very dog friendly for the most part I feel pretty safe"
      0
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    • Trulia User
      "It’s all concrete no grass or trees and dog poop everywhere. Heavy traffic all day and night. There is a vet on every other block though. "
      0
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    • Trulia User
      "Lots of parks nearby as well as good food and Resturant joints. Best is the access to grant park and high ways."
      0
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    • Trulia User
      "What’s not to like! If you want a more rural atmosphere then not here but the parks and local amenities are great!"
      0
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    • Trulia User
      "Lots of dogs and people out walking their dogs. Most of us have gotten to know each other over the years just by walking at the same time. "
      0
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    • Trulia User
      "It’s accessible, people are kind, there are great local spots and it gives you the feel of a city and a neighborhood at the same time"
      0
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    • Trulia User
      "The laSalle bank marathon, the stores and bars , close by the lake , Solderfeild, the hotels ,, having a police station in such a close proximity that the officer’s know the neighborhood."
      0
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    • Megan W.
      "My neighborhood is close to CTA lines, bike shares, and walkable to the loop. I’m able to walk to my office in the loop when the weather is nice"
      2
      Flag
    • Ashleyb1616
      "This is a diverse neighborhood with a vibrant feel. Easy access to shopping as well as the lakefront."
      11
      Flag
    • Brikozlowski
      "the easiest commute I've ever had. just walk down Polk to the other entrance for Harrison red line stop. go north 4 stops and I'm at work! "
      0
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    • Efrain D.
      "I walk everywhere within the Loop, or bike if the weather is nice enough. Public transit is quite frequent and feels safe."
      1
      Flag
    • Brikozlowski
      "printers row literary fest, close to the loop and museums and the lake, easy to access, not overly crowded, not overly expensive "
      1
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    • DeVonte D. .
      "It’s a safe neighborhood and it’s a lot of places to shop at as fair grocery stores, and retail. Police is always patrolling the area. "
      0
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    • Trulia User
      "Festivals are done year round here in south loop. Book festivals, music festivals and live events at the millennium park."
      1
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    • Darnell G. J.
      "My commute is 5 mins on the orange line to the loop. Living close to the Roosevelt station, I have easy access to the red, orange and green lines making it easy to get anywhere in the city"
      0
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    • Jorge M.
      "Great neighborhood. And is currently evolving to be even better. More restaurants and stores appear all the time. Very close to all museums, parks and touristic attractions of the City. "
      0
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    • Rgazzimd
      "We are close to Lake Michigan, grant park and field museum. Friendly neighborhood.No better place to be! "
      1
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    • Bianca R.
      "Lots of soccer games and team sports for kids and adults at Kelly park. During the summer time McKinley park has the neighborhood pool open summer camp for kids. Pond for adults to take their kids fishing or even just for a nice walk around the park "
      1
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    • M5150v
      "The book fair is nothing short of amazing. The lake, skate park, Millennium park, simply beautiful incredible and full of amazing energy!"
      0
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    • Abigail C.
      "Love the south loop. So great for kids. Easy to get around with the train and bus. Dog friendly. Super cute!"
      0
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    • Kristyharvey13
      "There are lots of kids in our area. The parks are a great place for the kids to play. Our building works to welcome families and pets. "
      0
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    • Ndallensworth
      "I hardly see any kids in the neighborhood only 1 kid in my 50 unit building. There are playgrounds for children in the neighborhood. "
      0
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    LGBTQ Local Legal Protections

    Daniel Hyman, Millennium Properties RE, Inc.
    Agent Phone: (312) 338-3000
    Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information
    1 E Cermak Rd, Chicago, IL 60616 is a lot/land. 1 E Cermak Rd is located in South Loop, Chicago. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Jul 31, 2025. The MLS # for this home is MLS# 12434064.