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700 N Ashland Avenue Chicago, IL 60622

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For Sale
$3,100,000

West Town land parcel for commercial/residential development.

Type:Land or Vacant Lot
Lot size:
0.07 Acres
Added:
Apr 20, 2023
Days on Market:
1099
Last Refresh:
Apr 5 at 9:30 pm

Property Features for 700 N Ashland Avenue

General Information

Standard status
Active
Lot size
0.07 Acres
Property subtype
Land or Vacant Lot

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Listing Contact
JARRETT FRADIN
JARRETT FRADIN

Listing agent JARRETT FRADIN License #475148281

Listing office STRAUSS REALTY LTD

Listing date Apr 20, 2023

Source Corcoran

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 STRAUSS REALTY LTD


Overview

Ashland Avenue Corner Land Parcel

This property features approximately 12,457 square feet of land situated on the corner of Ashland and Huron in West Town. It is part of a larger 21,925 square foot parcel zoned C2-3, suitable for commercial or residential development. The location is one block south of Chicago Avenue, known for its restaurants and bars. The area has experienced increased residential development, including single-family homes and condos, along with retail expansion. The property has a Floor Area Ratio (FAR) of 3.0 and approximately 121 feet of frontage on Ashland Avenue. Gas and electric utilities are located nearby. Zoning regulations permit a 4-floor duplex, potentially up to 5 floors.
Property Profile Insight Report 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
-87.6675
Latitude
41.8944

FAQs

What type of property is this?
Commercial land - West Town land parcel for commercial/residential development.
Where is this commercial land located?
The property is located at 700 N Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Large lot: Approx. 12,457 SF of land on a hard corner.; Favorable C2‑3 zoning allows for commercial/residential development with a FAR of 3.0.; High‑traffic location on the corner of Ashland and Huron in West Town with 121 feet of frontage on Ashland.
More about this property
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