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1026 W Jackson Blvd - Redevelopment Opportunity - DR-5 Zoned Land 0.67 Acres of Commercial Land Offered at $7,300,000 in Chicago, IL 60607
INVESTMENT HIGHLIGHTS
- PRIME REDEVELOPMENT SITECHICAGO’S FULTON MARKET/NEAR WEST SIDESUBMARKET
- 29,350 SQUARE FEET* AT 1026 WEST JACKSON BOULEVARD
- DR-5 Zoned Land
- NEW REDUCED ASKING PRICE of $7,300,000
- High Visibility
EXECUTIVE SUMMARY
*NEW REDUCED ASKING PRICE of $7,300,000*
-Great site in very active redevelopment area with a superior location: 2 blocks from 290, the Blue Line, just across 290 from the University of Illinois Chicago Campus, and U of I and Rush Medical Centers and just east of the United Center’s $7B 1901 expansion.
-Great opportunity for under-served uses in this immediate area as: Hospitality (especially longer-stay), Senior Housing, Medical, Specialty & STUDENT HOUSING especially related to the 2026 New Medical School with close to 2,000 students just 5 blocks to the East of 1026.
-Continued opportunity for multi-family, retail, industrial and office and part of the Near West Side’s expanding retail district with ample street and off-street parking.
-Prior prospective purchaser of 1026 West Jackson and certain other property obtained a zoning map amendment changing the Zoning from DS-3 to DR-5, Type 1 for a proposed 11 - story, 54 unit, 129’ tall, multi-family building with parking* along with the ~10,000 SF Site adjacent to the West.
-There is an existing 42,732 SF industrial building on the site
-Great site in very active redevelopment area with a superior location: 2 blocks from 290, the Blue Line, just across 290 from the University of Illinois Chicago Campus, and U of I and Rush Medical Centers and just east of the United Center’s $7B 1901 expansion.
-Great opportunity for under-served uses in this immediate area as: Hospitality (especially longer-stay), Senior Housing, Medical, Specialty & STUDENT HOUSING especially related to the 2026 New Medical School with close to 2,000 students just 5 blocks to the East of 1026.
-Continued opportunity for multi-family, retail, industrial and office and part of the Near West Side’s expanding retail district with ample street and off-street parking.
-Prior prospective purchaser of 1026 West Jackson and certain other property obtained a zoning map amendment changing the Zoning from DS-3 to DR-5, Type 1 for a proposed 11 - story, 54 unit, 129’ tall, multi-family building with parking* along with the ~10,000 SF Site adjacent to the West.
-There is an existing 42,732 SF industrial building on the site
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $7,300,000 | Lot Size | 0.67 AC |
| Price Per AC | $10,895,522.39 |
| Price | $7,300,000 |
| Price Per AC | $10,895,522.39 |
| Lot Size | 0.67 AC |
0.67 Acres of DR-5 zoned land with an existing 42,732 SF Industrial Building
DESCRIPTION
Great site in very active redevelopment area with a superior location: 2 blocks from 290, the Blue Line, just across 290 from the University of Illinois Chicago Campus, and U of I and Rush Medical Centers and just east of the United Center’s $7B 1901 expansion
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (87)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $556,426 | |
| Land Assessment | $219,713 | Total Assessment | $776,139 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$219,713
Improvements Assessment
$556,426
Total Assessment
$776,139
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MATTERPORT 3D EXTERIOR
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1026 W Jackson Blvd - Redevelopment Opportunity - DR-5 Zoned Land
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