High-Exposure Urban Land
640 West Washington Boulevard, Chicago, IL 60661
35,000+ SF land site in Chicago's West Loop/Fulton Market.
Type:Land
Property size:
35,667 SFLot size:
0.82 Acres- Added:
- Mar 25, 2026
- Days on Market:
- 47
- Last Refresh:
- Mar 18 at 8:18 am
Property Features for 640 West Washington Boulevard
General Information
- Standard status
- Active
- Size
- 35,667 SF
- Lot size
- 0.82 Acres
- Property subtype
- Land
Listing agent Tom Svoboda
Listing office
Listing date Mar 25, 2026
Source Cbre
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 Tom Svoboda
HighLights
- Fully entitled for a substantial mixed‑use luxury residential project (413 units) under DX‑7/11.5 zoning, significantly reducing development time and risk.
- Prime West Loop/Fulton Market location, a rapidly growing and amenity‑rich area walkable to the Central Business District and other popular neighborhoods.
- High‑exposure site with over 228,000 vehicles per day due to its location bound by I‑90.
- Low affordable housing requirement (only 10% of units), half of Chicago's standard 20% requirement.
- Efficient, large rectangular land site (35,000+ SF) ideal for high‑rise development.
- Close proximity to transportation (Ogilvie Transportation Center, CTA Clinton Station) and retail/dining (Restaurant Row, Whole Foods, Mariano's).
Overview
This 35,000+ SF land site is located at the hard corner of Washington Blvd. and Des Plaines St. The property is situated in the West Loop/Fulton Market neighborhood of Chicago, at the gateway of Fulton Market's Randolph Street retail and restaurant corridor. The location is near the I-90, with exposure to over 228,000 vehicles per day. The rectangular-shaped property is entitled for a mixed-use luxury residential project under a DX-7/11.5 zoning. The Planned Development (PD 1502) allows for 413 residential units, with 10 designated as affordable housing. The property is walkable to the Central Business District and other neighborhoods like River North. It is a short walk to Restaurant Row, Whole Foods, Mariano's, Ogilvie Transportation Center, and the CTA Clinton Station. The property is fully entitled for a residential project, with designed plans by HPA. A new buyer may choose to redesign the building.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
SP+ Parking
Parking Lot & Garage
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6444436
- Latitude
- 41.8834898
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 35,000+ SF land site in Chicago's West Loop/Fulton Market.
Where is this commercial land located?
The property is located at 640 West Washington Boulevard Chicago, IL.
What are key features of this property?
This property features: Fully entitled for a substantial mixed‑use luxury residential project (413 units) under DX‑7/11.5 zoning, significantly reducing development time and risk.; Prime West Loop/Fulton Market location, a rapidly growing and amenity‑rich area walkable to the Central Business District and other popular neighborhoods.; High‑exposure site with over 228,000 vehicles per day due to its location bound by I‑90.
