Understanding the Commercial Real Estate World of Clearing, Chicago

Clearing, a neighborhood located on the southwest side of Chicago, is a unique area that balances its industrial roots with a thriving residential community. Known for its proximity to Midway International Airport, Clearing offers a strategic location for businesses, particularly those involved in logistics, transportation, and light manufacturing. The neighborhood’s mix of residential and commercial spaces, combined with its accessibility and strong community ties, make it an attractive area for commercial real estate investment. This article explores the commercial real estate landscape in Clearing, offering insights into the neighborhood’s unique characteristics, economic trends, and key points of interest that contribute to its identity.

A Brief Overview of Clearing

59th Street borders Clearing to the north, Harlem Avenue to the west, 65th Street to the south, and Cicero Avenue to the east. The neighborhood’s name originates from the early 20th century when it served as a staging area for railcars and other transportation activities. Clearing is primarily a residential neighborhood with a mix of single-family homes, apartment buildings, and commercial properties.

The area is known for its quiet, suburban feel despite being within city limits. Many residents are long-time homeowners who take pride in maintaining their properties and fostering a close-knit community. The neighborhood’s strategic location near Midway Airport and major transportation routes makes it particularly appealing for businesses requiring easy access to the city and the suburbs.

The Commercial Real Estate Landscape

Clearing’s commercial real estate market is diverse, offering opportunities in retail, office spaces, mixed-use developments, and industrial properties. The neighborhood’s proximity to transportation hubs and its stable residential base create a supportive environment for local businesses and offer opportunities for long-term investment.

1. Retail Spaces: Clearing’s main commercial corridors, such as Cicero Avenue, Archer Avenue, and 63rd Street, are home to various retail businesses. These areas offer everything from grocery stores and restaurants to small shops and service-oriented businesses, catering to both residents and visitors.

2. Chicago Office Spaces: While Clearing is primarily residential, there are opportunities for small office spaces, particularly for healthcare providers, legal practices, and professional services. These offices are often located in converted residential properties or small commercial buildings along major streets, providing convenient access for clients and employees.

3. Mixed-Use Developments: Mixed-use properties are increasingly common in Clearing, especially along its key commercial streets. These developments typically feature ground-floor retail or office spaces with residential units above, providing a steady income stream for investors while meeting the needs of the local population.

4. Industrial Properties: Clearing’s industrial past is still evident, with several industrial properties available for businesses involved in manufacturing, distribution, or storage. These properties are well-positioned near major transportation routes, including Midway Airport, making them ideal for businesses that require logistical efficiency.

Key Points of Interest in Clearing

Understanding Clearing’s commercial real estate market requires an appreciation of the neighborhood’s key landmarks and community assets. These points of interest not only define Clearing’s character but also influence its commercial landscape:

1. Midway International Airport: A major transportation hub located just east of Clearing, Midway Airport is a significant local driver, attracting businesses catering to travelers and airport-related activities.
2. Hale Park: A central green space in the neighborhood, Hale Park offers recreational facilities, sports fields, and a playground, making it a popular spot for families and enhancing the appeal of nearby properties.
3. Clearing Industrial District: This industrial area is home to various manufacturing and distribution businesses, making it a key component of Clearing’s commercial real estate landscape.
4. Cicero Avenue Corridor: A major commercial thoroughfare, Cicero Avenue is lined with businesses serving the local community and travelers, making it a key area for economic activity and investment.
5. Clearing Branch, Chicago Public Library: A vital community resource, the Clearing Branch Library offers educational programs, resources, and a gathering place for residents, supporting learning and engagement in the neighborhood.
6. John F. Kennedy High School: A significant educational institution in Clearing, Kennedy High School attracts families to the area and supports businesses catering to students and staff.
7. Archer Avenue Corridor: Another key commercial street in Clearing, Archer Avenue is home to various businesses, from restaurants to retail shops, making it a hub of local activity.
8. Valley Forge Park: A small but well-loved park in Clearing, Valley Forge Park offers playgrounds and open space for families, contributing to the neighborhood’s appeal as a residential area.
9. Clearing Civic League: A local organization that advocates for the interests of residents and supports community development initiatives, the Clearing Civic League plays a crucial role in shaping the neighborhood’s development.
10. St. Symphorosa Catholic Church: A historic church in Clearing, St. Symphorosa serves as the community’s spiritual and cultural anchor, drawing residents together.
11. St. Rene Goupil Church: Another important religious institution in the neighborhood, St. Rene Goupil Church hosts community events and provides social services that benefit local residents.
12. Clearing Park: Located near the center of the neighborhood, Clearing Park offers additional recreational facilities, including sports fields and a swimming pool, making the area more attractive to families.
13. Richard Henry Lee Elementary School: A key educational institution in Clearing, Lee Elementary supports the neighborhood’s family-friendly atmosphere and contributes to its stability.
14. Our Lady of the Snows Catholic Church: A significant religious institution in Clearing, Our Lady of the Snows provides spiritual guidance and hosts community events that draw residents together.
15. House of Prayer Lutheran Church: A longstanding church in the neighborhood, House of Prayer plays a significant role in the spiritual and social life of the community.
16. Southwest Chicago Christian School: Located nearby, serves students from Clearing and the surrounding areas, contributing to the neighborhood’s educational offerings.
17. Clearing Industrial Association: This organization supports the interests of businesses in the Clearing Industrial District, promotes economic development, and fosters collaboration among local industries.

Conclusion

Clearing is a neighborhood that combines residential stability with strategic commercial opportunities, making it an attractive destination for residents and businesses. Its commercial real estate market offers a range of opportunities, from retail spaces and office properties to mixed-use developments and industrial sites. The neighborhood’s key points of interest, from its parks and schools to its churches and industrial districts, contribute to its identity and make it a desirable area for investment.

For those looking to invest in commercial real estate, Clearing presents a stable and promising market. The neighborhood’s strong community ties and its strategic location near Midway Airport and major transportation routes offer the potential for long-term growth and success. Whether you’re an entrepreneur looking to open a new business or an investor seeking stable returns, Clearing is a neighborhood with much to offer in the commercial real estate world.