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    901 W Lake St Chicago, IL 60607
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    Property profile & analytics

    901 W Lake St Chicago, IL 60607


    • Industrial properties
    • 61,000 SF
    • 0.29 lot acres
    Fulton Market Prime Land Location For Sale
    $5,235,000
    0.28 Acres

    Fulton Market Prime Land Location

    Prime land in Fulton Market, close to transportation and employers.

    901 W Lake St, Chicago, IL
    View Listing
    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.

    Value Estimations
    Cap Rate Potential
    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
    View Listing
    More about this property
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