Incredible redevelopment opportunity on a prime corner mixed-use site in Uptown/Edgewater east of Andersonville. With 120' of frontage on Foster and 87.5' on Broadway this parcel has 10,500 SF of buildable land. Tenants are month-to-month with $107,000 in gross income ideal for new owner to keep tenants in place until ready to build new. C2-3 zoning permits commercial on the 1st floor and residential above. Potential for increased density and reduced parking under the TOD ordinance. The site is also in the Lawrence/Broadway TIF District expiring in 2025. Ideally located one block south of the CTA red line Berwyn stop, 1/2 mile west of Lake Shore Drive/Lakefront and 1/2 mile east of the Andersonville Clark Street commercial corridor. The Broadway corridor is active with new commercial and residential developments. Co-tenancy within 1/4 mile includes both national and local tenants. The area has strong demographics, density and traffic counts. Drive by and please do not disturb the tenants.
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For more information about 5155 N Broadway, Chicago, IL 60640 contact Corcoran Urban Real Estate.
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