1346-1350 W Madison St - Johnny's Ice House 51,500 SF Sports & Entertainment Building Offered For Sale in Chicago, IL 60607
INVESTMENT HIGHLIGHTS
- Ideal for residential and/or retail mixed use.
- Located in the heart of Chicago’s West Loop neighborhood
- Currently zoned B 3-5. Potential for adaptive reuse of the existing structure or ground-up new development.
- Potential for hotel and or special retail use.
- Ideally situated within the 27th Ward.
EXECUTIVE SUMMARY
Bradford Allen has been retained by Ownership as the exclusive advisors in the sale of 1350 West Madison Street in Chicago, Illinois. The offering consists of a 22,000 SF development site currently improved with a 51,500 SF building operating as an ice rink. This offering does not include the business and a condition of any sale will preclude the Buyer from continuing to operate the ice rink. 1350 West Madison is located in the heart of Chicago’s West Loop neighborhood and offers excellent access to public transportation and highways. Currently zoned B 3-5 and offering excellent visibility with 200 feet of frontage on West Madison Street.
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Sports & Entertainment |
| Property Subtype | Skating Rink |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 51,500 SF |
| No. Stories | 3 |
| Year Built | 1997 |
| Tenancy | Single |
| Zoning | B3-5 - Community Shopping District |
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,498,243 | |
| Land Assessment | $151,757 | Total Assessment | $1,650,000 |
