1212 W Congress Pkwy Chicago, IL

This is an opportunity to acquire fee simple interest in a development opportunity located at 608 W. Harrison Street in Chicago, Illinois. The property is bounded by S. Desplaines St. to the West, W. Harrison St. to the South, S. Jefferson St. to the East and Interstate 290 to the North. The subject property is located within Chicago’s Southwest Loop neighborhood. The University of Illinois – Chicago dominates the area west of the subject property, with the Chicago River and Related Midwest’s proposed development, “The 78” to the southeast. The renovation of the Old Post Office and BMO headquarters have had a major positive impact on this corner of the greater Loop. The Property is adjacent to the West Loop, an area that has become an extraordinary live-work-play area featuring state-of-the-art offices, renowned restaurants, entertainment, and Fortune 500 headquarters. The property is an 87,132 square foot site currently occupied by Greyhound Lines Inc., as the sole tenant through October 2024. It is zoned DX-7 which allows for 613,400 buildable square feet as-of-right and the ability to purchase an additional 4.5 F.A.R. After density bonuses, the maximum buildable area at the site is just over one million square feet.