23,023 SF Parking Lot & Office/Retail in Desirable South Loop
The Details
- 23,023 SF parking lot and 16,245 SF retail/office condominium
- Fully leased retail/office condominiums
- Low cost office space investment opportunity
- In-place cashflow
- Strong customer base from adjacent condominium building and surrounding venues
- Desirable South Loop location in close proximity to Soldier’s Field, upscale shopping, museums, numerous award winning restaurants, entertainment venues 5-star hotels and downtown Chicago
- Traffic count: 19,505 vehicles daily
- Zoning: DX-5
Available for sale is a 60-space parking lot along with a 16,245 square foot retail/office condominium, that comes with 10 parking spaces, in the South Loop. Situated near the corner of Indiana Avenue and 18th Street, the parcel, with present zoning, allows 172 units over 180,000 square feet of building. The lot is adjacent to The Prairie District Lofts, a condominium building with 116 residential units and 16,245 square feet of leased commercial spaces on the ground level to six tenants. Excellent opportunity for a developer or investor to benefit from the area’s recent growth and robust rental market. Attractions in the area include Soldier Field, Shedd Aquarium, Adler Planetarium, the Field Museum, and the School of the Art Institute of Chicago, Columbia College, Oyster House, Starbuck’s, Mariano’s and more.
In the last decade, the South Loop has seen a tremendous transformation, quickly becoming one of the premiere areas with its attractive high-rise condominium complexes, close proximity to transportation, fine dining establishments and hot entertainment venues.
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