Commercial Development
New
For Sale
$2,500,000
219 W Erie Street, Chicago, IL 60654
DX-5 zoning provides a basis for new construction, while the parcel also contains an existing building.
Property SizeContact for details
Days on Market4
Property Features for 219 W Erie Street
General Information
Standard status
Active
Property subtype
Land
Building Details
Year Built
1945
Listing Agency:
SVN | Chicago - Corporate
Listed By:
Wayne Caplan · License #475132248
(312) 529-5791
Source:
Svnchicago
Added: Oct 16
Last Checked: Oct 19 at 4:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 219 W Erie Street in Chicago, this commercial land parcel measures 7,500 SF and includes an 8,200 SF building constructed in 1945. The structure has a bow-truss roof and skylights, presenting an existing improvement alongside the option to pursue new construction or adaptive reuse.
DX-5 zoning allows approximately 37,500 SF of development without zoning relief. Bonus density potential of 3.1 could increase total permitted buildable area to more than 60,000 SF, subject to review. The site has approximately 75 feet of Erie Street frontage and two adjoining alleys, creating access and site-planning flexibility. Dining, retail, employment, and transit are within the walkable surrounding area. Multifamily or hospitality development with ground-floor retail is identified as a possible direction, subject to design and zoning review.
DX-5 zoning allows approximately 37,500 SF of development without zoning relief. Bonus density potential of 3.1 could increase total permitted buildable area to more than 60,000 SF, subject to review. The site has approximately 75 feet of Erie Street frontage and two adjoining alleys, creating access and site-planning flexibility. Dining, retail, employment, and transit are within the walkable surrounding area. Multifamily or hospitality development with ground-floor retail is identified as a possible direction, subject to design and zoning review.
Key Highlights
- 7,500 SF commercial land parcel at 219 W Erie Street
- DX‑5 zoning allows approximately 37,500 SF of development without zoning relief
- Bonus density potential of 3.1 could bring total buildable area to more than 60,000 SF
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Commercial land - DX-5 zoning provides a basis for new construction, while the parcel also contains an existing building.
Where is this commercial land located?
The property is located at 219 W Erie Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,500 SF commercial land parcel at 219 W Erie Street; DX‑5 zoning allows approximately 37,500 SF of development without zoning relief; Bonus density potential of 3.1 could bring total buildable area to more than 60,000 SF
