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700 N Ashland Ave Chicago, IL 60622

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For Sale
$3,100,000

West Town land parcel for commercial/residential development.

Lot size:
0.07 Acres

Property Features for 700 N Ashland Ave

General Information

Standard status
Active
Lot size
0.07 Acres

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Listing Contact
Jarrett Fradin
Jarrett Fradin
Source: Corcoran

Listing Agency: STRAUSS REALTY LTD Listing Agent: Jarrett Fradin

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

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Overview

Ashland Avenue Corner Land Parcel

This property features approximately 12,457 square feet of land situated on the corner of Ashland and Huron in West Town. It is part of a larger 21,925 square foot parcel zoned C2-3, suitable for commercial or residential development. The location is one block south of Chicago Avenue, known for its restaurants and bars. The area has experienced increased residential development, including single-family homes and condos, along with retail expansion. The property has a Floor Area Ratio (FAR) of 3.0 and approximately 121 feet of frontage on Ashland Avenue. Gas and electric utilities are located nearby. Zoning regulations permit a 4-floor duplex, potentially up to 5 floors.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6675317
Latitude
41.8944328

FAQs

What type of property is this?
Commercial land - West Town land parcel for commercial/residential development.
Where is this commercial land located?
The property is located at 700 N Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: - Large lot: Approx. 12,457 SF of land on a hard corner.; - Favorable C2-3 zoning allows for commercial/residential development with a FAR of 3.0.; - High-traffic location on the corner of Ashland and Huron in West Town with 121 feet of frontage on Ashland.
More about this property
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