1639 Indiana Ave Chicago, IL 60616

Property Details for 1639 Indiana Ave

Property size

18,000 SF

Property type

Retail properties & Spaces

Property subtype

Office properties & Spaces

Description

This exceptional investment property, located at 1639 S. Indiana Ave in Chicago's vibrant South Loop, offers a unique blend of office and retail space. The 18,000 square foot building boasts 172 units and is situated on a parcel with a DX-5 zoning designation. The property includes a 60-space parking lot, providing ample parking for tenants and visitors. Its prime location near the corner of Indiana Avenue and 18th Street places it within easy reach of numerous attractions, including Soldier Field, the Shedd Aquarium, and the Field Museum, as well as upscale shopping, dining, and entertainment venues. The property benefits from a strong customer base due to its proximity to the Prairie District Lofts, a condominium building with 116 residential units and 6 ground-level commercial spaces. The South Loop's recent transformation into a premier area, characterized by high-rise condominiums, excellent transportation access, and a thriving culinary scene, makes this an exceptional opportunity for developers and investors seeking strong returns. The property's 2022 tax assessment was $68,211.41. With a daily traffic count of 19,505 vehicles, this location offers unparalleled visibility and accessibility. The asking price for this remarkable investment is $1,750,000.