A south loop land parcel, located off the corner of Wabash Avenue and 18th Street. The subject property measures just under one-acre of land (approximately 42,974 sf) with over 255 feet of frontage on Wabash Avenue. The current zoning is DX-5. Due to its proximity to the Green Line "L", the property might be able to be zoned for a TOD (Transit Oriented Development). On the property are two buildings with a combined interior space of approximately 26,392 gross building area on two floors. The ground floor is industrial with high-ceilings and the upper floor is office space. Close by is the Cermak Road Green Line "L" stop. Surrounding the property are high-rise residential development with commercial tenants on the ground floor. 18th Street provides easy access to the Dan Ryan Expressway to the west and Dusable Lake Shore Drive to the east. CTA bus lines include 3, 4, 29 and 62, which connect to the Roosevelt Transit Stop and the Cermak/Chinatown "L" stop.
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Property Details
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Schools
District 299
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Listing History
07-10-2023
Listed at $6,900,000
09-29-2023
Price decreased by $405,000 to $6,495,000
11-03-2023
Price decreased by $745,000 to $5,750,000
11-13-2023
Price decreased by $575,000 to $5,175,000
01-25-2024
Price decreased by $675,000 to $4,500,000
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