12.16% Cap Former Retail Supermarket | OZ, EZRC & SBA HubZone Incentives

344 East 63rd Street Chicago, IL 60637

344 East 63rd Street, Chicago, IL, 60637
344 East 63rd Street, Chicago, IL, 60637 344 East 63rd Street, Chicago, IL, 60637 344 East 63rd Street, Chicago, IL, 60637 344 East 63rd Street, Chicago, IL, 60637 344 East 63rd Street, Chicago, IL, 60637 344 East 63rd Street, Chicago, IL, 60637 344 East 63rd Street, Chicago, IL, 60637
FOR SALE
Property Type:
Free Standing Building
Amount:
Please Call Broker for Price

Last Verified:
Dec 02, 2025

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Highlights

  • ±16,290 SF Free-Standing Retail on 0.76 AC
  • Dark former Save-a-Lot | NNN term through Feb 2027
  • 12'x14' Exterior Drive-In Door
  • EZRC & SBA HubZone Incentives
  • Frontage on E. 63rd Street & S. Calumet Ave
  • 35 Surface Parking Spaces

Description

SVN Chicago Commercial is pleased to present 344 E. 63rd Street, a former Save-a-Lot Supermarket retail property in Chicago, Illinois. The 16,290 SF big-box retail space is no longer occupied, but has NNN lease income through February 2027. The property sits steps from the Green Line "el" station and is less than 1.5 miles from the I-94/I-90 interchange. Additionally, the building is across the street from Dulles Elementary School and the Norfolk Southern Intermodal Yard, and it is in proximity to major attractions like the University of Chicago campus, just 1.5 miles away.

Discover the vibrant neighborhood surrounding the property at 344 East 63rd Street in Chicago, IL, located in Hyde Park Township near Washington Park. The property sits steps from the Green Line "el" station and less than 1.5 miles from the I-94/I-90 interchange. Additionally, the building is across the street from Dulles Elementary School and the Norfolk Southern Intermodal Yard, and it is in proximity to major attractions like the University of Chicago campus, just 1.5 miles away.


Year Built: 1966
Building Size: 16290sq ft
Lot Size: 0.76 acres


Documents

SVN -Sale Brochure

Map of 344 East 63rd Street, Chicago, IL, 60637

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.