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Chicago Vacant Lot For Sale
For Sale
$194,000

1833 W Walnut Street, Chicago, IL 60612

Vacant lot near upcoming development, ideal for industrial projects.

Property SizeContact for details
Days on Market379

Property Features for 1833 W Walnut Street

General Information

Standard status Active
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $635
Listing Agency: ALEC REALTY GROUP, LLC
Listed By: CHRISTIAN SEARLES
Source: Corcoran
Added: Oct 7, 2025 Changed: Oct 12 Last Checked: Oct 19 at 6:39AM

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 ALEC REALTY GROUP, LLC

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Investment Insights

Based on property information with market context.

This vacant lot is located approximately half a mile from the planned 1901 Development. The property is zoned Planned Manufacturing District (PMD), offering flexibility for various commercial, light industrial, or creative-use projects. The location provides convenient access to major transportation routes and downtown Chicago. This site may be suitable for investors, developers, or business owners.

Key Highlights

  • Proximity to the 1901 Development (0.5 miles): High potential for increased value and business opportunities.
  • Zoned Planned Manufacturing District (PMD): Offers flexibility for various commercial, light industrial, or creative‑use projects.
  • Location in a Fast‑Growing Industrial Corridor: Situated in a dynamic area with significant growth potential.

Property Analytics

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Suggested Use

Top Pick Accounting Firm Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic Grocery & Convenience Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,977
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025

Frequently Asked Questions

What type of property is this?
Industrial land - Vacant lot near upcoming development, ideal for industrial projects.
Where is this industrial land located?
The property is located at 1833 W Walnut Street Chicago, IL.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: Proximity to the 1901 Development (0.5 miles): High potential for increased value and business opportunities.; Zoned Planned Manufacturing District (PMD): Offers flexibility for various commercial, light industrial, or creative‑use projects.; Location in a Fast‑Growing Industrial Corridor: Situated in a dynamic area with significant growth potential.
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