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2424 W Touhy Ave 2.38 Acres of Commercial Land in Chicago, IL 60645
Investment Highlights
- RARE LARGE URBAN SITE: 2.38 acres with a +/- 27,000 SF building. Owned by the YMCA for 50+ years.
- B3-2 zoning permits residential, retail (general commercial uses), medical office, and other commercial uses including restaurants and hospitality.
- TRAFFIC COUNTS: 16,900 vehicles per day on Touhy Ave; 22,600 vehicles per day on Western Ave.
- The property is ideal for specific users looking to acquire a building with substantial parking, well below replacement cost.
- High-visibility corner with 217 feet of frontage on Touhy Avenue. Nestled in West Rogers Park, south of Evanston and east of Lincolnwood.
- Surrounded by national retailers and service providers, offering strong consumer traffic and visibility.
Executive Summary
Located at 2424 W Touhy Avenue, the site includes a +/- 27,000 SF building on 2.38 acres. Zoned B3-2, it permits a wide range of uses including residential, retail, medical office, hotel, and mixed-use development. With a floor-area ratio of 2.2, the property allows for up to 228,000 SF of buildable floor area. Alternatively, the buildings and large parking fields may be an ideal fit for an array of reuses — religious, educational, sports, fitness, medical, etc.
Strategically positioned at the high-visibility intersection of Touhy Avenue and Western Avenue, the property offers excellent connectivity — 28 minutes to Downtown Chicago, 13 minutes to Evanston, and 10 minutes to Lincolnwood Town Center — making it an outstanding opportunity for developers and investors.
Property Facts
1 Lot Available
Lot
| Lot Size | 2.38 AC |
| Lot Size | 2.38 AC |
+ 2.38 acres with a +/ - 27,000 SF building. Owned by the YMCA for 50+ years
Description
The subject property consists of a 2.38-acre land site located at 2424 W Touhy Avenue in the West Ridge neighborhood of Chicago. The site is improved with an existing approximately 27,000 SF building and is zoned B3-2, which permits a broad range of uses including residential, retail, medical office, hotel, and mixed-use development. With a permitted floor-area ratio (FAR) of 2.2, the zoning allows for up to approximately 228,000 SF of buildable area. The site is situated at the intersection of Touhy Avenue and Western Avenue and includes substantial existing parking areas, which may support redevelopment or adaptive reuse scenarios.
Presented by
2424 W Touhy Ave
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