1245 W Washington Blvd Chicago, IL
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Prime 0.74-acre site in Chicago's thriving West Loop submarket.
Type:LAND
Lot size:
0.74 Acres- Added:
- Sep 9, 2025
- Days on Market:
- 242
- Last Refresh:
- Apr 5 at 10:42 pm
Property Features for 1245 W Washington Blvd
General Information
- Standard status
- Active
- Lot size
- 0.74 Acres
- Property subtype
- LAND
Listing agent Mike Senner (312) 315-4228
Listing office Colliers | Chicago Rosemont (312) 315-4228
Listing date Sep 9, 2025
Source Moodyscre
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 Colliers | Chicago Rosemont
HighLights
- Premier 0.74‑acre development site in Chicago's coveted West Loop neighborhood.
- Potential for significant rent growth in the next 24 months.
- Zoned CX‑3 with likely rezoning to DX‑5 (potentially bonused to DX‑8.1).
- Located in a dynamic, rapidly growing area with a mix of residential, institutional, and commercial developments.
- Ideal for multifamily, mixed‑use, office, or medical developments.
- Proximity to Restaurant Row, Illinois Medical District, University of Illinois at Chicago, I‑290, I‑90, and CTA 'L' lines.
Overview
West Loop Development Opportunity
This 0.74-acre site presents a development opportunity in Chicago’s West Loop neighborhood. The 32,365 square foot land site is currently zoned CX-3 and is likely to receive DX-5 zoning, which would be bonused up to DX-8.1. Positioned in the heart of Chicago, this site is located in one of the city’s most dynamic and rapidly growing neighborhoods. Surrounded by a mix of residential, institutional, and commercial developments, the property is suited for various uses including multifamily, mixed-use, office, or medical. This location is steps from the Restaurant Row on Randolph Street, within walking distance of the Illinois Medical District and University of Illinois at Chicago, and offers access to I-290, I-90, and multiple CTA lines. As one of the few remaining development sites in the core of the West Loop, the property benefits from proximity to major employment centers, dining and cultural destinations, and infrastructure including Union Station and O’Hare International Airport access via the Blue Line. The market anticipates rent growth over the next 24 months and projected to reach 7.6%. New ownership of the site would have the opportunity to develop these standout units in a submarket seeing significant growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
W.E. O'Neil Construction
Construction Company
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6585
- Latitude
- 41.8826
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FAQs
What type of property is this?
Land - Prime 0.74-acre site in Chicago's thriving West Loop submarket.
Where is this land located?
The property is located at 1245 W Washington Blvd Chicago, IL.
What are key features of this property?
This property features: Premier 0.74‑acre development site in Chicago's coveted West Loop neighborhood.; Potential for significant rent growth in the next 24 months.; Zoned CX‑3 with likely rezoning to DX‑5 (potentially bonused to DX‑8.1).
