2310-2340 S Indiana Ave, Chicago, IL

Listing office Cawley Chicago s***@cawleycre.com Show Phone

Listing date May 2, 2024

Source Moodyscre

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Overview

This offering comprises a five-property portfolio spanning nearly an entire block, totaling 1.3 acres of contiguous land near McCormick Place. The portfolio presents a blend of existing assets and potential development sites. It features approximately 282,720 square feet of total buildable area as-of-right, with the potential for up to approximately 460,000 square feet of total building area. The site is located within a Chicago Qualified Opportunity Zone and offers built-in financial incentives, including Historic District, TIF, and Transit-Oriented Development benefits, along with access to additional private capital sources. There is potential for an increased footprint through the conjunction of two adjacent public alleys and additional assemblage opportunities. The property is located at 2310-2340 S Indiana Ave, Chicago, IL.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6227

Latitude

41.8507

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FAQs

What type of property is this?

Commercial land - 1.3 acres near McCormick Place with development potential.

Where is this commercial land located?

The property is located at 2310-2340 S Indiana Ave Chicago, IL.

What are key features of this property?

This property features: 1.3 Acres of contiguous land near McCormick Place.; ±282,720 Sq. Ft. of Total Buildable Area.; Rare Chicago Qualified Opportunity Zone Infill Offering.