410 South Wabash Ave Chicago, IL 60605
Pad-ready site in The Loop for high-density development.
Property size:
27,443 SFProperty Features for 410 South Wabash Ave
General Information
- Standard status
- Active
- Size
- 27,443 SF
Source:
Cbre
Listing Agent: Tom Svoboda
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Grant Park Development Opportunity
This is a rare development opportunity in Grant Park, located at the corner of Wabash and Van Buren. The property features a large, 27,443 square foot urban footprint with a rectangular shape. The site has DX-16 zoning, the densest zoning district in Chicago, allowing for the construction of up to 399 units without affordable housing requirements. The pad-ready development site has undergone substantial site work, including demolition, scraping, and preparation for vertical construction. The vaulted alley to the west and the vaulted sidewalks to the north and east have been filled and restored. Deep foundations (caissons) are in place for a proposed 344-unit, 25-story high-rise. The location is within an affluent pocket of The Loop, with an average household income of $182,563 within a one-mile radius. It is within walking distance of the West Loop and River North. The property is a Super Transit Oriented Development (TOD) location, in close proximity to the Harold Washington CTA Station, Harrison Street CTA Station, and access to Ida B. Wells Drive.
Location Intelligence
Current Use by Public Records
410 S Wabash ...
Parking Lot & Garage
Park One
Parking Lot & Garage
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6265466
- Latitude
- 41.876555
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Pad-ready site in The Loop for high-density development.
Where is this commercial land located?
The property is located at 410 South Wabash Ave Chicago, IL.
What are key features of this property?
This property features: - Pad-ready development site with deep foundations (caissons) already in place for a 344-unit, 25-story high-rise.; - DX-16 zoning allows for building up to 399 units with no affordable housing requirements.; - Large, 27,443 SF rectangular urban footprint ideal for efficient development.
