SQUARE FEET25,371
MLS#12801737
STATUSNew
PROPERTY TYPECommercial - 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.
Property Features
Property Type: Commercial - Industrial
Cooling: Exhaust Fan
Lot Size: 0.21 Acres
Stories: 3.0
Taxes: $93,767
Year Built: 1909
Feature Descriptions
Electric: Heavy Power 1200+ Amps
Fire Protection: Sprinklers
HVAC: Central Heat/Indiv Controls
Lot Dimensions: 50x180
Parcel#: 17172240200000
Tenant Pays: Varies by Tenant
Units: 1
Listed By / Shown By
Listed By
Agency Name: Strauss Realty Ltd
Agency Phone: 773-736-3600
Shown By
Agent Name: Pamela Cunningham
Agent Phone: (815) 289-6323
Agency Title: Gambino Realtors
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1026 W Van Buren Street | MLS# 12801737
This commercial property located at 1026 W Van Buren Street , Chicago, IL 60607 is currently listed for sale with an asking price of $4,500,000. Search Chicago real estate on www.pamcunninghamrealtor.com today.