Land in Chicago, IL — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Chicago, IL 60661

Description

Premier Fulton Market Entitled Development Site Large, High-Exposure Urban Footprint. 640 W Washington is a large, 35,000+ SF city land site at the hard corner and lighted intersection of Washington Blvd. and Des Plaines St. The Property is bound by I-90 on the west side, with exposure to over 228,000 vehicles per day. The Property further benefits from a large rectangular shape, efficient for high-rise site planning. 640 W Washington is fully entitled for a substantial mixed-use luxury residential (rental or for-sale condos) project, under a DX-7/11.5 zoning. Under the Planned Development (PD 1502), there are entitlements in place for 413 residential units, with only 10 set aside as affordable housing units. - Fully entitled residential project with only 10% affordable housing required, half of the current Chicago requirement of 20% for new projects. - Fully designed plans by well-known architect, HPA. - No lengthy, costly, or contentious zoning process to go through, however a new buyer may choose to redesign the building.

Market Context

This commercial property in Chicago, IL is listed for sale. It has been on the market for 114 days. Compare it against other commercial property listings for sale in Chicago, IL — view the full market.

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