Property profile

3200 Franklin Blvd Chicago, IL 60624

OFF-MARKET
Land
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Property summary

AI-generated overview

Exceptional opportunity to acquire nearly two acres of prime commercial land in Chicago's burgeoning Humboldt Park neighborhood. This expansive 83,721 square foot site, encompassing two city blocks along Franklin Boulevard, offers unparalleled visibility and accessibility. The property boasts corner access and is highly visible from Kedzie, Sawyer, and Spaulding Avenues. Its strategic location provides convenient access to public transportation, including the adjacent Bus Route 82, the Kedzie Metra (0.1 miles), and the Kedzie Green Line CTA (0.4 miles). The site benefits from its proximity to two major Chicago parks: Humboldt Park to the north and Garfield Park to the southwest. Included in this offering is a 7,150 square foot medical building (formerly a DaVita Dialysis center) situated at the corner of Spaulding and Franklin Avenues. This building, along with its adjacent parking area, presents the possibility of separate sale from the vacant land. The property is zoned PD 836 and comprises two parcels with APNs 16-11-222-029-0000 and 16-11-223-050-0000. The asking price for the entire property is $2,010,000. Individual lot pricing is available upon request. This is a rare opportunity to invest in a rapidly appreciating area with significant development potential.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3200 Franklin Blvd Chicago, IL 60624
Chicago metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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