901 W Lake St Chicago, IL 60607
Property profile & analytics
901 W Lake St Chicago, IL 60607
- Industrial properties
- 61,000 SF
- 0.29 lot acres
Property ID
US28-0758683
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Pastorelli Food Products, Inc. / Industrial Manufacturer / Production Facility
- Meat Fan / Museum
Property Details for 901 W Lake St
- Year built
- 1936
- Lot size
- 0.29 lot acres
- Property size
- 61,000 SF
- Property type
- Industrial properties
- APN
- 17-08-432-003
- APU
- 1708432003
Description
This exceptional redevelopment opportunity presents a prime 12,478 square foot lot in Chicago's vibrant Fulton Market district, featuring a 25,000 square foot, two-story vacant warehouse building. Located at 901 W Lake St, in the heart of the West Loop/Fulton Market area, this property benefits from a C1-1 zoning designation, falling within the Downtown Expansion Area (DX-7 likely). Its strategic position between the bustling Fulton Street Corridor and Restaurant Row places it amidst leading companies like McDonald's and Google. The property's high-density mixed-use potential is further enhanced by the neighborhood's strong demand for multi-housing units and escalating rental rates, making it a compelling investment. The site's convenient location offers excellent access to public transportation and boasts a high walkability score. This is a rare chance to capitalize on the dynamic growth of Fulton Market and create a significant development in a highly sought-after location. The property is currently vacant, allowing for immediate development commencement. The existing warehouse structure provides a solid foundation for a variety of mixed-use projects, catering to the area's evolving needs and the increasing demand for residential and commercial spaces. This location offers unparalleled access to major employers, transportation hubs, and a thriving demographic. Don't miss this chance to be part of Chicago's most exciting neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,375,000
- 6.5%
- $5,885,000
- 7%
- $5,465,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6502
- Latitude
- 41.8854
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$117,467
$93,750
$475,416
$569,166
-
$375,000
$1,901,664
$2,276,664
