Cawley CRE pleased to present 1026 W VanBuren, an irreplicable Brick& Heavy-Timber loft building, with endless potential in Chicago's West Loop. The building offers, three-stories with an above grade lower-level, and 8,457 Sq.Ft Floorplates. Building currently a blank slate, with maintained cold shell. The property rests between Racine & Morgan Ave, less than 0.25 miles from 2 CTA stations, multiple bus routes, and I-290 Interstate Access. Fulton Market, United Center, IMD, UIC, and Union station are all within a 15-minute walk.
Neighborhood precedent for zoning is DX with 5 or 7-FAR, and the location qualifies within max threshold of Equitable TOD Bonuses. With the existing RBA of the building, there is underutilized FAR with potential to increase the existing size/height, Or raze and go ground-up.
Land acquisition + Estimated Capital Improvements are below replacement costs. *ARCO Murray Core & Shell Improvement Estimates available upon request.