225 W Chicago Ave - Residential LAND FOR SALE


Chicago, IL 60654 15,346 SF
$4,500,000 USD
239-249-4845
225 W Chicago Ave, Chicago, IL for Sale
$4,500,000 USD
Residential LAND - FOR SALE
1/2
15,346 SF

225 W Chicago Ave
Chicago, IL 60654


OVERVIEW

This 15,310 SF site at the SEC of Chicago and Franklin is adjacent to the Chicago CTA L stop, which services the Brown and Purple lines. It is the last vacant parcel on Chicago Avenue east of the River. The site is zoned as a planned development for a nine-story office building (see PD approval docs included with this listing). Zoning would revert to DX-5 upon unwinding of the PD. Base FAR is 76,550 SF. Additional FAR of 47,461 SF is available for purchase under the Neighborhood Opportunity Bonus. The site is ideally-positioned in a walk-to-everything location in River North, the cultural and entertainment hub of Chicago.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/ACRE

$12,772,529/AC

PRICE/SF

$293 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Retail, Mixed Use, Multi-Family

LAND ACRES

0.35 AC

LAND SF

15,347 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

DX-5

APN/PARCEL ID

17-09-202-026-0000

ASK ABOUT THIS PROPERTY

Tom SvobodaCBREMore Info
239-249-4845

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Tom SvobodaCBREMore Info
239-249-4845

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