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2139-59 West Pershing Rd Chicago, IL 60609

For Sale
$5,900,000

Development opportunity with approved plans for 159 residential units.

Property size:
320,000 SF

Property Features for 2139-59 West Pershing Rd

General Information

Size
320,000 SF

Source: Chad Schroedl Agent Chad Schroedl

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Historic Lofts Development Opportunity

This is an opportunity to develop two historic concrete loft buildings located directly across from McKinley Park on Pershing Road. The property has approved planned development for 159 residential units and commercial spaces. McKinley Park is located on Chicago’s southwest side and has a rich industrial legacy. It was the nation’s first planned industrial district. Adaptive reuse projects have transformed some of these historic spaces into modern lofts, offices, and commercial centers. The McKinley Park submarket boasts connectivity to major transportation hubs and is close to railways, highways, and the Chicago “L” system. The mix of large adaptive reuse buildings and smaller commercial units caters to a variety of business needs, from high-tech manufacturing and warehousing to retail, offices, and residential conversions. The area promotes a live-work-play community. The property is minutes from downtown with access to I-55 and I-90/94 and walking distance to the CTA Orange Line. It is located steps from the city of Chicago’s $121M mixed-use development at 1769 W Pershing. Seller financing is available.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6791375
Latitude
41.8226842

FAQs

What type of property is this?
Commercial land - Development opportunity with approved plans for 159 residential units.
Where is this commercial land located?
The property is located at 2139-59 West Pershing Rd Chicago, IL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: - Approved planned development for **159 residential units and commercial spaces**.; - Seller Financing Available.; - Located directly across from McKinley Park.
More about this property
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