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2033 W Madison St
Chicago, IL 60612
Land For Sale · 0.38 AC

INVESTMENT HIGHLIGHTS

  • Dense, in-fill area with high barriers to entry
  • Potential expansion opportunity
  • Phenomenal signage opportunity
  • Proximity to the Illinois Medical District (IMD)
  • Future development potential
  • Access to public transportation

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Hold For Development
Total Lot Size 0.38 AC
No. Stories 2
Zoning B1-3

DESCRIPTION

Located just .04 miles, The Illinois Medical District (IMD) is the nation’s largest urban medical district with over $3.5 billion in annual economic activity. The IMD has over 37,000 employees and sees around 52,000 daily visitors. Upcoming developments include, The Gateway and the Rush Hospital expansion project. The property is also located .70 miles west of the CTA Ashland Green Line, that see’s 759,447 riders per year. The Eisenhower Expressway is located just .05 miles from the property as well as the CTA’s Medical District Blue Line, which see’s 940,271 riders per year. In addition, the city is currently under construction with the new Damen station (CTA Green Line). This station will be located only .04 miles from the subject property once completed in early 2020. Additionally, the property is located just 1-block west of the nation’s largest arena in the United States, the United Center. The United Center is home to two of Chicago’s premier sports teams, The Chicago Bulls and The Chicago Blackhawks. Both teams play a combined total of 82 homes games per season. In between and after the sports season, the United Center host 23 concerts. In 2018 there were about 150 events at the United Center in total, it is expected to increase in future years. The arena has a capacity of 23,500 seats for spectators to watch the events, which is sold out most of the time, creating signifi cant pedestrian traffi c around the site.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-18-103-003-0000
Land Assessment
$144,375
Improvements Assessment
$10,269
Total Assessment
$154,644
  • Listing ID: 15941589

  • Date on Market: 5/3/2019

  • Last Updated:

  • Address: 2033 W Madison St, Chicago, IL 60612

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