Essex Realty Group, Inc. has been exclusively engaged to market for sale 1542-50 W. Chicago Ave., a 90.94′ by 117.40′ lot located in Chicago’s West Town neighborhood. The property is currently comprised of three (3) commercial spaces totaling 6,108 NRSF, as well as 12 exterior parking spaces in the rear. T-Mobile and the Manee Thai Pan Asian Restaurant occupy two (2) of the three (3) commercial spaces, while the third space is currently vacant.
1542-50 W. Chicago Ave. presents a buyer with an opportunity to acquire a large developable lot in one of Chicago’s most sought after neighborhoods. The property is a great candidate for both luxury rentals and luxury condominiums. With current tenants in place, a new owner could benefit from collecting income while preparing for a new development.
The property is situated on the north side of Chicago Avenue, just east of Ashland Avenue, and is located just steps from the soon to open Forbidden Root Brewery on Chicago Avenue. In addition, the property is conveniently located within close proximity to the Chicago CTA Blue Line Station, as well as the Ashland Avenue and Chicago Avenue CTA bus lines.
- Rarely Available Multi-Lot Development Site in West Town
- 10,676 SF of Land (Currently Zoned B1-2)
- Over 90' of Frontage Along Chicago Avenue
- Strong Rental Market & Condo Sales Activity in the Immediate Area
- Close Proximity to Chicago Blue Line Station