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Five-Lot Industrial Land Assemblage
For Sale
$240,000

1842 W Walnut St, Chicago, IL 60612

Contiguous vacant land with PMD-4 zoning and commercial, business service, and industrial use potential subject to Chicago requirements.

Property Size105 SF
Price / SF$2,285
Days on Market48

Property Features for 1842 W Walnut St

General Information

Standard status Active
Size 105 SF
Property subtype Land

Site & Location

Neighborhood West Town
Listing Agency: Chicago's Real Estate Agency
Listed By: The Luxe Home Team
Source: Theluxehometeam
Added: Sep 12 Changed: Oct 27 Last Checked: Oct 28 at 8:05AM

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 Chicago's Real Estate Agency

Rey
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Investment Insights

Based on property information with market context.

This offering comprises five adjoining vacant parcels that must be acquired together. The assemblage includes 1838, 1840, 1842, 1846, and 1848 W Walnut St., with each lot measuring 25 x 105 square feet and a combined area of approximately 0.30 acres. The property is classified as Industrial land and carries PMD-4, or Planned Manufacturing District 4, zoning.

Permitted uses may include commercial, business service, industrial, and other activities allowed under the City of Chicago zoning requirements. The site is located near major transportation routes and expressways in Chicago, Illinois, providing established-area access for future permitted development.

Key Highlights

  • Five contiguous parcels offered together at 1838, 1840, 1842, 1846, and 1848 W Walnut St.
  • Approximately 0.30 acres of vacant industrial land
  • Each lot measures 25 x 105 square feet

Property Analytics

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Open Analytics

Suggested Use

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

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 - Contiguous vacant land with PMD-4 zoning and commercial, business service, and industrial use potential subject to Chicago requirements.
Where is this industrial land located?
The property is located at 1842 W Walnut St Chicago, IL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Five contiguous parcels offered together at 1838, 1840, 1842, 1846, and 1848 W Walnut St.; Approximately 0.30 acres of vacant industrial land; Each lot measures 25 x 105 square feet
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