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Listed by Adam Schneidermanof Strauss Realty Ltd
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Est. payment | /mo
25,371 SqFt
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Est. payment | /mo
25,371 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 25,371 sqft
MLS Listing ID 12801737
Year Built 1909
Annual Tax Amount $93,767
Tax Year 2024
Lot Dimensions 50x180
Property Sub-Type Industrial
Property Description
Strauss Realty is proud to present the opportunity to acquire a prime location in the West Loop. The 9,000 SF site offers significant development potential, supported by high-density residential projects, established zoning precedents and convenient downtown location. Just down the street from Target, the site features a historic three-story brick and heavy timber building with approx. 25,371 SF above-grade and an 8,457 SF lower level. 50' of frontage along Van Buren Street. The property's strategic location makes it an attractive opportunity for a corporate headquarters. Located in between Morgan Street and Racine Street, this transit-oriented location is highly walkable with immediate access to I-290 and Racine Blue Line, as well as close proximity to I-90/94, Fulton Market, Illinois Medical District and UIC campus. Currently the 50'x180' site is zoned DS-3 (3.0 FAR) and residential is not permitted as-of-right. Nearby DX-5 and DX-7 precedents suggest potential for rezoning, subject to city approval. DX-5 Zoning allows up to 72,900 SF. DX-7 allows up to 103,500 SF. Incentives include - Central West TIF and Enterprise Zone 4; potential TOD and density programs warrant project specific evaluation.
Location
State IL
County Cook
Zoning OFFIC
Interior
Cooling Exhaust Fan
Fireplace N
Exterior
View Y/N true
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