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Elston/Cortland Land Opportunity
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1901 North Elston Avenue & 1500 Cortland Street, Chicago, IL 60642

30,028 SF land opportunity in Chicago, IL.

Property Size30,028 SF
Lot Size0.69 Acres
Days on Market151

Property Features for 1901 North Elston Avenue & 1500 Cortland Street

General Information

Standard status Active
Size 30,028 SF
Lot size 0.69 Acres
Property subtype Land
Listing Agency: CBRE | Chicago
Listed By: Tom Svoboda
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Aug 22 at 12:56PM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This 30,028 SF land opportunity is available for qualified investors and developers. The property is zoned M-3, Heavy Industrial District, which permits industrial, retail, restaurant (drive-through as a special use), office, storage, automotive (service and sales), and cannabis uses. It has a FAR of 3. The site is located adjacent to the upcoming Lincoln Yard's development. The location offers the potential to capture exposure on I-90 through building height & signage, with a traffic volume of 220,000 vehicles per day. The area is amenity-rich, near Mariano's, Home Depot, and the Bloomingdale Trail. The Elston/Cortland Land is a high-exposure corner site along two major thoroughfares with daily traffic counts exceeding 25,000 vehicles. It is accessible via car, bus, and train, located within a 2-block radius of I-90, the Clybourn Metra Station, and numerous CTA Bus stops. The property is situated between Wicker Park, Bucktown, and Lincoln Park.

Key Highlights

  • 30,028 SF land opportunity in Chicago, IL
  • Zoned M‑3, Heavy Industrial District with diverse permitted uses including industrial, retail, restaurant, office, storage, automotive, and cannabis
  • Located adjacent to Lincoln Yard's development

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Butcher Nursing Home Clothing & Fashion Store Fish Market (Bike/Boat/Book/etc) Store Farmer's Market

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

4,462
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Industrial land - 30,028 SF land opportunity in Chicago, IL.
Where is this industrial land located?
The property is located at 1901 North Elston Avenue & 1500 Cortland Street Chicago, IL.
What are key features of this property?
This property features: 30,028 SF land opportunity in Chicago, IL; Zoned M‑3, Heavy Industrial District with diverse permitted uses including industrial, retail, restaurant, office, storage, automotive, and cannabis; Located adjacent to Lincoln Yard's development
More about this property
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