Entitled Commercial
For Sale
Contact for pricing
1230 W Washington Blvd, Chicago, IL 60607
Approved planned development with an existing loft structure and ongoing self-storage use.
Property SizeContact for details
Days on Market142
Property Features for 1230 W Washington Blvd
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
SVN | Chicago Commercial
(312) 676-1866
Listed By:
Scott Maesel · License #IL 471005379
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:13AM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
This commercial land offering combines an approved redevelopment plan with an existing loft building that may be incorporated into the future project. The site encompasses approximately 27,892 SF and is covered by recently approved PD 1446, which allows a 213,614 gross SF office and retail building using 160,195 SF of FAR at 5.75. Existing self-storage operations provide an established use during the planning or construction period.
The property is in Chicago’s West Loop, within blocks of McDonald’s World Headquarters, Google’s Midwest Headquarters, and the Morgan CTA stop. The current self-storage management contract gives a purchaser the option to continue collecting income indefinitely or cancel the agreement within 90 days, providing flexibility around redevelopment timing.
The property is in Chicago’s West Loop, within blocks of McDonald’s World Headquarters, Google’s Midwest Headquarters, and the Morgan CTA stop. The current self-storage management contract gives a purchaser the option to continue collecting income indefinitely or cancel the agreement within 90 days, providing flexibility around redevelopment timing.
Key Highlights
- Approximately 27,892 SF commercial development site
- Recently approved PD 1446 allows a 213,614 gross SF office and retail building
- Approved plan provides for 160,195 SF of FAR at 5.75
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Approved planned development with an existing loft structure and ongoing self-storage use.
Where is this commercial land located?
The property is located at 1230 W Washington Blvd Chicago, IL.
What are key features of this property?
This property features: Approximately 27,892 SF commercial development site; Recently approved PD 1446 allows a 213,614 gross SF office and retail building; Approved plan provides for 160,195 SF of FAR at 5.75
