Essex Realty Group, LLC is exclusively engaged to market for sale 2001-09 W. Howard St., a 13,059 SF commercial property located at the intersection of Howard St. and Damen Ave. in Chicago’s Rogers Park neighborhood. This property is ideally suited for residential and retail redevelopment or can continue its current operations.
In May of this year, the 49th Ward of Chicago upzoned the Howard St. corridor to B2-3 to encourage development and growth. The new zoning allows for a Floor Area Ratio (FAR) of 3.0, enabling a potential 39,177 SF mixed-use development by right.
The property currently consists of five storefronts, subdivided into three retail units. Current tenants include Super Tasty Sub and The Way Mission Inc., while the third space remains vacant in a vanilla box condition, offering immediate leasing opportunities or repositioning potential.
Located along a major east-west corridor, the site benefits from strong vehicle and pedestrian traffic, its proximity to the Howard CTA terminal, and a dense surrounding residential population. The corner lot features over 100 feet of frontage, ensuring excellent visibility and access for both tenants and customers.
2001-09 W. Howard St. presents a rare combination of existing cash flow, lease-up potential, and long-term redevelopment upside, making it a compelling investment opportunity in the heart of Rogers Park.
2001 W. Howard St. is a high-visibility corner property located at the intersection of Howard and Damen in Chicago’s Rogers Park neighborhood. Positioned along a major east-west thoroughfare connecting Chicago and Evanston, the site benefits from strong vehicle and pedestrian traffic, making it well-suited for retail, medical, or service-oriented uses.
The property is located less than one mile from the Howard CTA terminal, a major transit hub offering access to the Red, Purple, and Yellow Lines, along with several CTA and Pace bus routes. The nearby Metra UP-N station at Lunt Avenue further enhances commuter access to downtown Chicago and the northern suburbs.
Rogers Park is a dense, established residential neighborhood with over 60,000 residents and a diverse mix of single-family homes, multifamily buildings, and mixed-use properties. Howard Street has experienced steady commercial investment and revitalization, with new businesses and infrastructure improvements contributing to long-term corridor growth.
- Recently Upzoned B2-3 Howard St. Corridor
- Build or Hold as a Lease-Up Investment
- Development Potential- 40,000 SF Mixed-Use Project
- 13,059 SF Property Offered at $72/SF
- In-Place Cash Flow