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2139-59 West Pershing Road Chicago, IL 60609

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For Sale
$5,900,000

Development opportunity near McKinley Park with approved plans for residences.

Type:Redevelopment Opportunity
Added:
Mar 6, 2026
Days on Market:
33
Last Refresh:
Apr 6 at 12:21 am

Property Features for 2139-59 West Pershing Road

General Information

Standard status
Active
Property subtype
Redevelopment Opportunity

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Listing Contact
Chad Schroedl
Chad Schroedl

Listing agent Chad Schroedl

Listing office SVN | Chicago - Corporate

Listing date Mar 6, 2026

Source Svn

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 SVN | Chicago - Corporate


Overview

Historic Lofts Development Opportunity

This property presents an opportunity to develop two historic concrete loft buildings situated on Pershing Road, directly across from McKinley Park. The location offers convenient access to I-55 and I-90/94, placing it minutes from downtown. The property is within walking distance of the CTA Orange Line. Approved planned development allows for the construction of 159 residential units and commercial spaces. The property is located steps from the city of Chicago’s $121M mixed-use development at 1769 W Pershing.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6791
Latitude
41.8227

FAQs

What type of property is this?
Commercial land - Development opportunity near McKinley Park with approved plans for residences.
Where is this commercial land located?
The property is located at 2139-59 West Pershing Road Chicago, IL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Approved planned development for **159 residential units and commercial spaces**.; Located directly across from **McKinley Park**.; Seller Financing Available.
More about this property
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