312-766-4291
1026 W Van Buren St, Chicago, IL for Sale
Loft/Creative Space - FOR SALE
1/11
null | Request Cap Rate

1026 W Van Buren St
Chicago, IL 60607
West Loop


HIGHLIGHTS

  • Endless Potential - Redevelopment, Adaptive Reuse, Ground-Up
  • Underutilized RBA DX Zoning with 5 & 7 FAR Precendent
  • .25 Mile - CTA, Bus, I-290; 1-Mile, UIC, IMD, Fulton Market, Union Station, United Center

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

DS-3

APN/PARCEL ID

17-17-224-020-0000

ASK ABOUT THIS PROPERTY

Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

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Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.