See all 3 photos
3 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Adam Schneidermanof Strauss Realty Ltd
-
Est. payment /mo
25,371 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 25,371 sqft
MLS Listing ID 12801737
Year Built 1909
Annual Tax Amount $93,767
Tax Year 2024
Lot Dimensions 50x180
Property Sub-Type Industrial
Property Description
Strauss Realty is proud to present the opportunity to acquire a prime location in the West Loop. The 9,000 SF site offers significant development potential, supported by high-density residential projects, established zoning precedents and convenient downtown location. Just down the street from Target, the site features a historic three-story brick and heavy timber building with approx. 25,371 SF above-grade and an 8,457 SF lower level. 50' of frontage along Van Buren Street. The property's strategic location makes it an attractive opportunity for a corporate headquarters. Located in between Morgan Street and Racine Street, this transit-oriented location is highly walkable with immediate access to I-290 and Racine Blue Line, as well as close proximity to I-90/94, Fulton Market, Illinois Medical District and UIC campus. Currently the 50'x180' site is zoned DS-3 (3.0 FAR) and residential is not permitted as-of-right. Nearby DX-5 and DX-7 precedents suggest potential for rezoning, subject to city approval. DX-5 Zoning allows up to 72,900 SF. DX-7 allows up to 103,500 SF. Incentives include - Central West TIF and Enterprise Zone 4; potential TOD and density programs warrant project specific evaluation.
Location
State IL
County Cook
Zoning OFFIC
Interior
Cooling Exhaust Fan
Fireplace N
Exterior
View Y/N true
Read Less Info
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Joanna Lewkowicz
Designated Managing Broker | Owner Illinois: 471.018027Indiana: RB18001061Florida: BK3514240
+1(708) 963-0011 | joanna@boutiquehomerealty.com