Essex Realty Group, LLC has been exclusively engaged to market for sale 5951 N. Clark St., a prominent 180’ x 100’ development site located along the Clark Street corridor in Chicago’s Edgewater neighborhood, just north of Andersonville. The property is currently zoned C1-2 Neighborhood Commercial District, which permits ground-floor commercial uses with residential units above. However, a buyer may choose to pursue rezoning for a higher-density residential development. All in-place leases contain cancellation provisions, providing flexibility for redevelopment.
The property is located approximately a five-minute walk from the new Peterson/Ridge Metra Station, providing direct access to Metra’s Union Pacific North Line, and is approximately 0.5 miles from the Thorndale CTA Red and Purple Line stations. Additional access is provided by multiple nearby bus routes and convenient connectivity to Lake Shore Drive and major North Side neighborhoods.
The surrounding area is characterized by a dense, walkable residential population, a vibrant retail and dining scene along Clark Street and nearby Andersonville, and continued residential investment throughout Edgewater and the broader North Side lakefront. With its large lot dimensions, alley access, and transit-oriented location, 5951 N. Clark St. presents a compelling opportunity for developers seeking to pursue a rezoning and deliver a new residential or mixed-use concept.
Edgewater, located approximately seven miles north of the Loop, is a vibrant, lakefront neighborhood bounded by Rogers Park to the north, Uptown to the south, Lincoln Square to the west, and Lake Michigan to the east. Known for its architectural variety, active shoreline, and diverse community, Edgewater offers a dynamic mix of historic charm and urban convenience. The neighborhood is home to several public beaches and waterfront parks, as well as the renowned Bryn Mawr Historic District, which showcases early 20th-century architecture and a revitalized commercial corridor. Its cultural identity is shaped by a blend of long-time residents, students, artists, and professionals who benefit from the area’s walkability, lake access, and eclectic dining scene—including popular establishments like Uncommon Ground, Indie Café, and Ethiopian Diamond.
Edgewater is anchored by Loyola University Chicago’s Lake Shore Campus, which enrolls over 17,000 students and employs more than 1,600 faculty, contributing significantly to the neighborhood’s energy and economy. With eighteen of Loyola’s nineteen residence halls located in Edgewater and neighboring Rogers Park, the area has attracted a range of national and local retailers, cafés, and eateries to serve the student and residential population. Transit access is robust, with multiple Red Line CTA stops (Granville, Thorndale, Bryn Mawr), extensive bus service, and quick access to Lake Shore Drive, ensuring easy connectivity to downtown and beyond.
- 18,000 SF development site (180' x 100') in thriving Edgewater/Andersonville corridor with C1-2 zoning and rezoning potential for higher-density residential development
- Five-minute walk to new Peterson/Ridge Metra station and half-mile to Thorndale CTA Red/Purple Lines, with direct connectivity to Lake Shore Drive
- All existing leases include cancellation clauses providing immediate redevelopment flexibility, with alley access and surrounded by dense walkable population and vibrant retail amenities