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    1601-1609 W Superior St Chicago, IL 60642

    For Sale
    $2,500,000

    Land parcel in West Town suitable for commercial/residential development.

    Lot size:
    0.21 Acres

    Property Features for 1601-1609 W Superior St

    General Information

    Lot size
    0.21 Acres

    Source: Strauss Realty, Ltd. Agent Jarrett Fradin

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

    Overview

    West Town Land For Sale

    This property features approximately 9,547 square feet of land, situated on the hard corner of Ashland and Superior in West Town. It is part of a larger parcel totaling approximately 21,925 square feet. Zoned C2-3, the site is suitable for either commercial or residential development. The location is one block south of Chicago Avenue, known for its concentration of restaurants and bars.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6675011
    Latitude
    41.8949025

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    FAQs

    What type of property is this?
    Land - Land parcel in West Town suitable for commercial/residential development.
    Where is this land located?
    The property is located at 1601-1609 W Superior St Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime ±9,547 sf of land on the hard corner of Ashland and Superior.; - Zoned C2-3 for commercial or residential development.; - Part of a ±21,925 parcel.
    (773) 551-5976
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1601-1609 W Superior St Chicago, IL 60642
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