1639 S Indiana Ave Chicago, IL 60616
Call to check price and availability
60-space parking lot in Chicago's South Loop for sale.
Type:Office, Retail
Property size:
18,000 SF- Added:
- Feb 22, 2024
- Days on Market:
- 788
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 1639 S Indiana Ave
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Property subtype
- Office, Retail
Listing agent Susan Silver License #IL 475136992
Listing office Millennium Properties R/E (312) 338-3000
Listing date Feb 22, 2024
Source Crexi
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 Millennium Properties R/E
Overview
South Loop Parking Lot
Available for sale is a 60-space parking lot in the South Loop, situated near the corner of Indiana Avenue and 18th Street. The parcel, with its present zoning, allows for 172 units over 180,000 square feet of building and potential bonuses. The lot is adjacent to the Prairie District Lofts, a condominium building with 116 residential units and 6 commercial spaces on the ground level, which is also available for sale. This presents an excellent opportunity for a developer or investor to benefit from the area’s recent growth and robust rental market. Attractions in the area include Soldier Field, Shedd Aquarium, Adler Planetarium, the Field Museum, the School of the Art Institute of Chicago, Columbia College, Oyster House, Starbucks, and Mariano’s. The South Loop has undergone a tremendous transformation in the last decade, quickly becoming one of the premiere areas with its attractive high-rise condominium complexes, close proximity to transportation, fine dining establishments, and entertainment venues.
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar Places Nearby
- Propane Refill at U-Haul — 2601 S La Salle St, Chicago, IL 60616
- Enterprise Rent-A-Car — 2640 S Michigan Ave, Chicago, IL 60616
- Trailer Rental at U-Haul — 2601 S La Salle St, Chicago, IL 60616
- Truck Rental at U-Haul — 2601 S La Salle St, Chicago, IL 60616
- U-Haul Moving & Storage of Bronzeville — 2601 S La Salle St, Chicago, IL 60616
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.622064
- Latitude
- 41.8593779
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - 60-space parking lot in Chicago's South Loop for sale.
Where is this parking lot & garage located?
The property is located at 1639 S Indiana Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Potential for **172 Units Over 180,000 Square Feet** of Building With Present Zoning and Potential Bonuses.; 60‑space Parking Lot in the South Loop.; Excellent Opportunity for a Developer or Investor.
