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410 S Wabash Ave
Chicago, IL 60605
Land For Sale
·
1.62 AC
INVESTMENT HIGHLIGHTS
- DX-16 zoning allows 399 units with no affordable housing
- TOD location near Harold Washington CTA and expressways
- Walk to Grant Park, Riverwalk, and Lake Michigan
- $2M in site prep completed, including deep foundations
- Surrounded by 100M SF of office and major universities
- Affluent Loop submarket with $182K avg household income
EXECUTIVE SUMMARY
410 S. Wabash Avenue presents a rare, skyline-altering development opportunity in the heart of Chicago’s Loop. This 27,443 SF corner site is zoned DX-16, the city’s densest zoning district, allowing for up to 439,088 SF of buildable area and 399 market-rate residential units—by-right, with no affordable housing requirement. The site is pad-ready, with $2 million in site work already completed, including deep caissons for a proposed 25-story tower.
Strategically positioned at the signalized intersection of South Wabash Avenue and East Van Buren Street, the property is surrounded by over 100 million SF of office space, three major universities, and iconic destinations like Millennium Park and Grant Park. Transit connectivity is unmatched, with Harold Washington CTA Station just one block away and direct access to I-90 and I-290. The area boasts a Walk Score of 99 and Transit Score of 100, underscoring its TOD appeal.
Current plans envision a 344-unit mixed-use tower with 8,000 SF of ground-floor retail and 103 parking spaces. The site’s rectangular shape and alley access support efficient vertical development. Within a one-mile radius, average household income exceeds $182,000, and the surrounding three-mile area includes over 724,000 employees and 35,000 businesses. This is a premier opportunity to capitalize on Chicago’s continued urban growth and demand for luxury multifamily living.
Strategically positioned at the signalized intersection of South Wabash Avenue and East Van Buren Street, the property is surrounded by over 100 million SF of office space, three major universities, and iconic destinations like Millennium Park and Grant Park. Transit connectivity is unmatched, with Harold Washington CTA Station just one block away and direct access to I-90 and I-290. The area boasts a Walk Score of 99 and Transit Score of 100, underscoring its TOD appeal.
Current plans envision a 344-unit mixed-use tower with 8,000 SF of ground-floor retail and 103 parking spaces. The site’s rectangular shape and alley access support efficient vertical development. Within a one-mile radius, average household income exceeds $182,000, and the surrounding three-mile area includes over 724,000 employees and 35,000 businesses. This is a premier opportunity to capitalize on Chicago’s continued urban growth and demand for luxury multifamily living.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 1.62 AC |
| Lot Size | 1.62 AC |
Pad-ready with deep foundations - FAR:16.0 Located in The Loop, Chicago - 2023 taxes: $86,221 27,443 SF land site at Wabash & Van Buren DX-16 Zoning
DESCRIPTION
410 S. Wabash Avenue is a prime 27,443-square-foot corner development site located in the heart of Chicago’s Loop, at the intersection of Wabash and Van Buren. Zoned DX-16, the city’s densest zoning district. The property is pad-ready with deep foundations already in place. Surrounded by over 100 million square feet of office space and major universities, the location offers unmatched access to transit, parks, and cultural landmarks.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $998,046 | Total Assessment | $998,046 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$998,046
Improvements Assessment
$0
Total Assessment
$998,046
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