Essex Realty Group, Inc. is pleased to announce that it has been exclusively engaged to market for sale, 935-941 North Damen Avenue, a 14,849 square foot two-story mixed-use building located in Chicago’s popular Ukrainian Village neighborhood. The property sits on a large lot (75′ x 125.50′) and is currently comprised of 3 ground floor commercial spaces and a second floor loft space with 9 artist lofts. Zoned B3-2, an investment opportunity exists to redevelop the building into potentially 3 commercial spaces and 9 apartment units or tear down and build new construction. The property is lender owned and is currently being vacated.
The property is situated on the east side of Damen Avenue just south of Augusta Boulevard and is conveniently located just two blocks in between the neighborhood’s popular Division Street and Chicago Avenue, making it ideally located. The Damen & Division L Stations are both less than one mile away, providing tenants quick access to the Blue Line. Along with several surrounding bus stops, tenants are offered excellent transportation options. 935-941 N Damen is a rare opportunity to redevelop in a prime Ukrainian Village location with an endless choice of trendy restaurants, local bars and entertainment options steps away.
RICH HISTORY: The Ukrainian Village neighborhood of Chicago is located a few miles west of Chicago’s Loop and offers views of the city’s skyline from most parts of the neighborhood. Ukrainian Village is included as a part of West Town and benefits by being comprised of several neighborhoods whose residents have brought a rich Eastern European history. Neighborhoods within West Town include: East Village, Eckhart Park, portions of Humboldt Park, Noble Square, portions of River West, Smith Park, Ukrainian Village, and Wicker Park.
PRIME LOCATION: Today, Ukrainian Village is rapidly gentrifying and becoming one of Chicago’s most desirable neighborhoods, offering an array of colorful galleries and museums, taprooms, quaint coffee shops, and a booming restaurant and nightlife scene. 935-941 N Damen is located in the heart of the neighborhood, just two blocks south of popular Division Street and two blocks north of popular Chicago Avenue, as well as in close proximity to several public transportation options.
*Neighborhood information from https://www.westtownchicago.com/
- Redevelopment Opportunity in Excellent Ukrainian Village Location
- 3 Retail Spaces + Second Floor Loft Spaces
- Zoned B3-2
- 3 Contiguous Lots = 75' x 125.5'
- Currently Being Vacated