1001 Jackson Blvd Chicago, IL 60607
- Retail properties
- 7,868 SF
Current Use by Public Records
- Shell / Gas Station / Convenience Store
- ATM / Atm
- ATM (Jackson & Morgan Shell) / Atm
- Windy Limo Corp / Limousine Service
Property Details for 1001 Jackson Blvd
- Year built
- 1959
- Property size
- 7,868 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
Description
This exceptional 7,868 square foot, single-story gas station located at 1001 W Jackson Blvd, Chicago, IL 60607 presents a compelling redevelopment opportunity. Situated on a sizable 18,000 square foot lot (APN 17-17-224-032), this Class B property boasts six gas pumps and is currently operating under a NNN lease with a credit-rated tenant. The lease expires July 31, 2027, providing a 2.7-year remaining term, allowing ample time for due diligence and entitlement processes. The property's DS-3 zoning offers flexibility, with potential for rezoning to a DX, Downtown Mixed-Use District, or Downtown Residential District, unlocking opportunities for increased density and bonus floor area ratio (FAR). This translates to a wide range of redevelopment possibilities, including residential, commercial, or mixed-use projects such as hotels, offices, or multi-family developments. The existing tenant provides a stable income stream during the redevelopment planning phase. The property benefits from its location in a high-demand area of Chicago, with excellent access to major transportation links, retail centers, and amenities. The positive community sentiment towards redevelopment further enhances the investment potential. This is a unique chance to capitalize on a prime location and flexible zoning in a thriving Chicago neighborhood. The property was built in 1959 and is privately owned.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.652
- Latitude
- 41.8779
