The subject property is located at the SEC of Wabash Avenue and 13th Street in Chicago's vibrant South Loop with close proximity to the Loop, Michigan Avenue, and the Museum Campus. This building sits on a lot line of 55' on Wabash and 171' on 13th Street. Current zoning is DX-7, which provides for commercial on the ground floor and residential or office on the upper floor. Currently, there is a vacant 2-story building on the site with a former restaurant infrastructure in place on the first floor and the second floor built out for a residence and a photography studio. Developers will find the potential TOD zoning appealing and a higher density on the site. Restaurants and cannabis tenants will show interest in the location. Easy access to Lake Shore Drive and the Dan Ryan via the Roosevelt Road thoroughfare one block north. The Red, Orange, and Green lines at Roosevelt Road provide access to the downtown, northside, Midway Airport and McCormick Place.
Listed by:
Coldwell Banker Realty
Date | Days Ago | Event | New Price |
---|---|---|---|
Apr 4, 2024 | 15 days ago | Price decreased250,000 (6%) | $3,950,000 |
Nov 14, 2023 | 5 mos ago | Price decreased400,000 (9%) | $4,200,000 |
Jun 23, 2023 | 10 mos ago | Price decreased300,000 (6%) | $4,600,000 |
Mar 28, 2022 | 2 yrs ago | Price decreased100,000 (2%) | $4,900,000 |
Sep 21, 2021 | 3 yrs ago | New on market | $5,000,000 |