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$2,000,000

  • For Sale
  • Active
  • Commercial
  • 14,000 Sq. Ft.
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Welcome to a prime opportunity to own or lease a high-visibility commercial retail building in the heart of Chicago's vibrant Bronzeville neighborhood. This spacious 14,000 sq ft property at 4650 S Indiana Ave features five separate storefronts and benefits from flexible B3-3 zoning, allowing for a wide range of retail, service, or mixed-use possibilities. Perfectly positioned for both customers and employees, the location offers convenient access to the CTA Green Line and Red Line, along with multiple entrances to the I-90/94 expressway. This makes it easy for patrons to reach your business from anywhere in the city. The property also includes onsite parking and sits in a high-traffic area with excellent street visibility, ideal for attracting steady foot and drive-by traffic. Whether you're launching a new venture or expanding an existing one, this versatile retail space is ready to support your success.

Full Property Details for 4650 S Indiana Ave

General

  • Price: $2,000,000
  • Taxes: $41,884 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12624745
  • Updated: 5/5/2026
  • Added to Site: 57 day(s) ago

Business

  • Business Type: Retail

Interior

  • Flooring: Vinyl

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: CHI - Grand Boulevard
  • County: Cook
  • Driving Directions: South Indiana to East 47th

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Heat/Individual Controls

Structural Information

  • Sub-Flooring: Vinyl
  • Stories/Levels: 2
  • Square Feet: 14,000
  • Current Bldg. Use: Medical/Dental
  • Year Built: 1948

Unit Information

  • # Tenants: 1

Lot Features

  • Lot Size (Sq. Ft.): 20,608
  • Lot Dimensions: 161 x 128
  • Zoning: RTAIL

Financial Considerations

  • Lease Price: $21
  • For Sale/Rent/Lease: For Sale or Rent
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1948
  • Tax Amount: $41,884.97
  • Tax Year: 2024
  • Tenant Pays: Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs, Scavenger, Other, Varies by Tenant

Disclosures and Reports

  • Property ID: 20033200310000

Listed by Baird & Warner

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Listing agents

— 4650 S Indiana Ave —

  • Baird & Warner

  • Baird & Warner

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4650 S Indiana Ave

School District:Chicago Public School District 299
NameGradesDistance
Mollison Elementary School
4415 S Dr Martin L King Jr Dr, Chicago, IL 60653
PK-80.5 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-111.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4650 S Indiana Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/20/2026
Listed
$2,000,000
359.77%
MLS
4/27/2018
Sold
$435,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4650 S Indiana Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$49,987
105%
$203,818
99%
2022
$24,382
-15%
$102,615
-16%
2021
$28,643
-9%
$122,500
—
2020
$31,341
-23%
$122,500
-31%
2019
$40,661
65%
$176,508
62%
2018
$24,691
-42%
$108,748
-37%
2017
$42,437
—
$172,994
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Baird & Warner

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4650 S Indiana Avenue, Chicago, IL 60653 (MLS# 12624745) is a Commercial property. 4650 S Indiana Avenue is currently listed for $2,000,000 and was received on April 20, 2026. Want to learn more about 4650 S Indiana Avenue? Do you have questions about finding other Commercial real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.

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