South Loop Redevelopment
719 South State Street Chicago, IL
Investment Summary
Coldwell Banker Commercial is pleased to bring to market a DX-12 zoned site located across from Jones College Preparatory High School, in Chicago's Printer's Row neighborhood. The location has an abundance of commercial and residential developments close by, including dormitories for Roosevelt University, Columbia College and the School of the Art Institute. Currently on the site is a historic 4-story building originally built in 1888 and renovated in 1950 with the potential to be restored into a vibrant income producing residential or commercial building. Each upper floor has a fully fixtured bathroom and kitchen providing the basic infrastructure for live/work lofts. Maximize the DX-12 (FAR 12) zoning for a development of a 66,240sf building. The subject property site measures 40 feet by 138 feet deep. The property backs up to the CTA rapid transit system which provides an abundance of public transportation options, including bus service. Two blocks to the north is the Ida B. Wells Drive with direct access to Lake Shore Drive going east and to the west, the Jane Byrne Interchange servicing the Kennedy (I-90), Eisenhower (I-290) and Dan Ryan (I-90) expressway system.
CONTACT
NICHOLAS GASIC
NICK@NXTREALTY.COM
+1 (847) 863-4715
Highlights
5,520 square feet of prime real estate in Chicago’s iconic South Loop
4-Story 12,564 SF mix-use building
DX-12 / 12 F.A.R. Zoning which permits a building of 66,240SF
Current zoning will allow for commercial on the ground floor and and office or residential/dormitories above
Property capable of producing income to offset cost of ownership during development process
Walking-distance proximity to waterfront, Grant Park, Harrison Red Line stop, Soldier Field, and Jones College Prep
PROPERTY SUMMARY
PROPERTY SUMMARY
Summary
PRICE
$1,749,900
40’ x 138’
LOT SIZE DIMENSIONS
5,520
1888 & 1950
YEAR BUILT
LOT SF
Get in Touch
NICHOLAS GASIC
NICK@NXTREALTY.COM
+1 (847) 863-4715