Ground-Up Development Site with 4-Story
For Sale
Contact for pricing
1401 W Lake Street, Chicago, IL 60607
Development site at a southeast corner with 49 feet of frontage on West Lake Street and 150 feet on North Ogden.
Property SizeContact for details
Days on Market122
Property Features for 1401 W Lake Street
General Information
Standard status
Active
Property subtype
Land, Office, Retail
Zoning
C1-3
Listing Agency:
AW Properties Global
(312) 676-1866
Listed By:
Jeffrey Baasch · License #IL 475107724
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 6:07AM
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 AW Properties Global
Investment Insights
Based on property information with market context.
This development site includes an existing 4-story office building totaling 7,454 SF on a 15,853 SF parcel. The property is positioned at the southeast corner of North Ogden Avenue and West Lake Street, with 49 feet of frontage along West Lake Street and 150 feet along North Ogden Avenue.
The site is designated C1-3 and is located within a Transit Oriented Development (T.O.D.) area and a newly designated Downtown Expansion Area. The location is described as close to mass transit and highways, with Metra access at Ogilvie and Union Station, and the CTA station that opened at Morgan and Lake in 2012.
For development-oriented buyers, the combination of corner frontage, existing improvements, and the stated planning designations supports a ground-up strategy on this Fulton Market-area property.
The site is designated C1-3 and is located within a Transit Oriented Development (T.O.D.) area and a newly designated Downtown Expansion Area. The location is described as close to mass transit and highways, with Metra access at Ogilvie and Union Station, and the CTA station that opened at Morgan and Lake in 2012.
For development-oriented buyers, the combination of corner frontage, existing improvements, and the stated planning designations supports a ground-up strategy on this Fulton Market-area property.
Key Highlights
- 15,853 SF development site at the southeast corner of N Ogden Ave and W Lake St in Chicago’s Fulton Market area
- 49 feet of frontage on W Lake Street and 150 feet along N Ogden Avenue
- C1‑3 zoning plus Transit Oriented Development (T.O.D.) and inclusion in the newly designated Downtown Expansion Area
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,782
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 Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Development site at a southeast corner with 49 feet of frontage on West Lake Street and 150 feet on North Ogden.
Where is this commercial land located?
The property is located at 1401 W Lake Street Chicago, IL.
What are key features of this property?
This property features: 15,853 SF development site at the southeast corner of N Ogden Ave and W Lake St in Chicago’s Fulton Market area; 49 feet of frontage on W Lake Street and 150 feet along N Ogden Avenue; C1‑3 zoning plus Transit Oriented Development (T.O.D.) and inclusion in the newly designated Downtown Expansion Area
