Parking Lot with Commercial
For Sale
Contact for pricing
1727 S Indiana Ave., Chicago, IL 60616
Sale offering includes a 60-space parking lot and a 16,245-square-foot commercial building with 10 additional spaces.
Property Size16,145 SF
Days on Market72
Property Features for 1727 S Indiana Ave.
General Information
Standard status
Active
Size
16,145 SF
Total Parking Spaces
70
Property subtype
Mixed Use
Zoning
DX-5
Investment Type
Stabilized
Building Details
Tenancy
Multi
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Daniel Hyman · License #IL 471.013658x
Source:
Crexi
Added: Jun 10
Changed: Aug 10
Last Checked: Aug 20 at 12:01AM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
The offering consists of a 60-space parking lot together with a 16,245-square-foot commercial space, plus 10 additional parking spaces. The parcel is presented as having capacity for 172 units and a total building size of 180,000 square feet, subject to the present zoning and potential bonuses mentioned with the property.
Located in Chicago’s South Loop near the corner of Indiana Avenue and 18th Street, the site is adjacent to The Prairie District Lofts, a condominium building with 116 residential units and six long-term leased commercial spaces at street level. The surrounding area includes major cultural and entertainment attractions such as Soldier Field, Shedd Aquarium, Adler Planetarium, and the Field Museum, as well as the School of the Art Institute of Chicago and Columbia College, along with Mariano’s.
This configuration can be a practical fit for developers and investors looking for a mixed-use capable parcel that combines on-site parking with an existing commercial component. The close adjacency to established residential and street-level retail may support a tenant strategy that values convenient access and parking availability, while the stated development capacity offers a defined framework for future reuse or expansion.
Located in Chicago’s South Loop near the corner of Indiana Avenue and 18th Street, the site is adjacent to The Prairie District Lofts, a condominium building with 116 residential units and six long-term leased commercial spaces at street level. The surrounding area includes major cultural and entertainment attractions such as Soldier Field, Shedd Aquarium, Adler Planetarium, and the Field Museum, as well as the School of the Art Institute of Chicago and Columbia College, along with Mariano’s.
This configuration can be a practical fit for developers and investors looking for a mixed-use capable parcel that combines on-site parking with an existing commercial component. The close adjacency to established residential and street-level retail may support a tenant strategy that values convenient access and parking availability, while the stated development capacity offers a defined framework for future reuse or expansion.
Key Highlights
- Includes a 60‑space parking lot plus a 16,245 SF commercial space
- Additional 10 parking spaces included with the sale offering
- South Loop parcel near the corner of Indiana Avenue and 18th Street
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,447
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Sale offering includes a 60-space parking lot and a 16,245-square-foot commercial building with 10 additional spaces.
Where is this parking lot & garage located?
The property is located at 1727 S Indiana Ave. Chicago, IL.
What are key features of this property?
This property features: Includes a 60‑space parking lot plus a 16,245 SF commercial space; Additional 10 parking spaces included with the sale offering; South Loop parcel near the corner of Indiana Avenue and 18th Street
