Rare South Shore Industrial / Flex Fleet Facility 1948 E. 71st Place presents a unique opportunity to acquire a large-scale urban industrial/flex asset in the rapidly evolving South Shore neighborhood of Chicago. Originally designed as a parking garage and currently operating as an automotive and towing facility, the property offers approximately 17,846 SF of industrial/commercial space with the ability to accommodate approximately 48 vehicles including rooftop parking capacity. The property benefits from commercial/industrial zoning, two drive-in doors, 15’ clear heights, and a full-building footprint configuration rarely available within dense urban neighborhoods on Chicago’s South Side. The building’s flexible configuration makes it suitable for a variety of owner-user and investment strategies including: Fleet operations Contractor headquarters Towing and impound Vehicle storage Logistics support Municipal contractor operations Automotive repair/service Redevelopment hold Located near major transportation corridors and positioned within the broader South Shore/Jackson Park investment corridor influenced by the Obama Presidential Center and ongoing commercial revitalization efforts, the property offers both immediate utility and long-term strategic upside. GENERAL NOTES ABOUT B3-3 ZONING - Buyer to verify for their specific use. 1. Permitted Uses Commercial: Retail storefronts, restaurants, offices, larger scale businesses, and services are permitted. It allows more business types than B1 or B2 districts. Residential: Apartments and residential units are permitted as-of-right, but only above the ground floor. Note: Ground-floor residential conversion may be permissible through specific exceptions or city ADU ordinances. 2. Density & Building Size (The "-3" designation)Floor Area Ratio (FAR): The maximum FAR is 3.0. - you can build a total floor area up to three times the size of the lot. Density Allowance: The lot area requirement is generally 400 sq. ft. per standard dwelling unit, 300 sq. ft. per efficiency unit, and 200 sq. ft. per SRO unit. Building Height: Building heights can be taller to accommodate the 3.0 FAR and vary based on lot frontage and ground-floor commercial presence. 3. Site Requirements Setbacks: There are generally no front or side yard setbacks required, unless the property borders a residential (R-zoned) lot. Parking Requirements: Because B3 districts are typically destination-oriented with higher auto traffic, off-street parking is generally expected (typically ranging from 1 space per 500–1,000 sq. ft. depending on use). Parking reductions apply if the site is located near public transit (e.g., CTA or Metra