Urban Infill Development
For Sale
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10 West Erie Street, Chicago, IL 60654
Four contiguous parcels with DX-5 zoning and street frontage on West Erie Street.
Property Size5,298 SF
Lot Size0.32 Acres
Price / SF$1,189
Days on Market53
Property Features for 10 West Erie Street
General Information
Standard status
Active
Size
5,298 SF
Lot size
0.32 Acres
Property subtype
Land
Zoning
DX-5
Investment Type
Redevelopment
Additional Details
Highway Access
Yes
Building Details
Year Built
1900
Stories
3
Listing Agency:
Greenstone Partners
(917) 251-9087
Listed By:
Malek Abdulsamad · License #IL 471018795
Source:
Crexi
Added: Jul 6
Changed: Aug 24
Last Checked: Aug 26 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenstone Partners
Investment Insights
Based on property information with market context.
The property consists of four contiguous parcels totaling 13,940 square feet of land along West Erie Street. Two western parcels combine for 6,904 square feet of vacant land. The western portion includes 14 West Erie, which is improved with a vacant three-story, 5,298-square-foot orange-rated building, while 10-12 West Erie adds 4,084 square feet of vacant land to the east.
Situated in Chicago’s River North area, the site is described as being just steps from Michigan Avenue and the Magnificent Mile. The property also benefits from walkable access to the Chicago Avenue CTA Red Line station, multiple bus routes, and immediate access to the Kennedy Expressway and Lake Shore Drive.
The site is zoned DX-5, which the listing states provides an as-of-right path for high-density mixed-use redevelopment and avoids the time and uncertainty associated with a zoning approval process. The listing also notes that redevelopment would not require on-site affordable housing under the Affordable Requirement Ordinance (ARO).
Situated in Chicago’s River North area, the site is described as being just steps from Michigan Avenue and the Magnificent Mile. The property also benefits from walkable access to the Chicago Avenue CTA Red Line station, multiple bus routes, and immediate access to the Kennedy Expressway and Lake Shore Drive.
The site is zoned DX-5, which the listing states provides an as-of-right path for high-density mixed-use redevelopment and avoids the time and uncertainty associated with a zoning approval process. The listing also notes that redevelopment would not require on-site affordable housing under the Affordable Requirement Ordinance (ARO).
Key Highlights
- Four contiguous parcels totaling 13,940 SF of land with frontage on W Erie St
- DX‑5 zoning offers as‑of‑right high‑density mixed‑use development
- 14 W Erie includes a vacant three‑story, 5,298‑square‑foot orange‑rated building
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Four contiguous parcels with DX-5 zoning and street frontage on West Erie Street.
Where is this commercial land located?
The property is located at 10 West Erie Street Chicago, IL.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Four contiguous parcels totaling 13,940 SF of land with frontage on W Erie St; DX‑5 zoning offers as‑of‑right high‑density mixed‑use development; 14 W Erie includes a vacant three‑story, 5,298‑square‑foot orange‑rated building
