Dynamic Woodlawn adjacent Washington Park and U of C Ecosystem set on Well Developed Iconic Chicago Streetscape. Opportunity Zone, RM-5 Zoning, offers Multiple Development options under Connected Communities Ordinance See closed 6150 and 6152 S Champlain $900K each.
Excited to offer the unique redevelopment opportunity located at 6943 N. Western Ave. in Chicago's vibrant West District neighborhood. This property spans 9,975 square feet and is zoned C1-2, providing various commercial development possibilities. Property Details: Location: 6943 N. Western Ave. is situated in a bustling commercial corridor, offering great visibility and accessibility. The surrounding neighborhood is a blend of residential and commercial spaces, ensuring a steady flow of potential clients and customers. Zoning: The C1-2 zoning allows for a diverse range of potential business uses, making the site versatile for various development visions. Land Area: The property has 9,975 square feet of prime land, offering ample space for creative redevelopment projects. Cell Tower Lease: Lease Terms: The cell tower lease, located on the southeast portion of the property, provides a reliable revenue stream. It began in January 1997 and was renewed in May 2015 for 28 years. As of June 2023, the lease has 20 years remaining, ensuring a stable and long-term source of income. Current Rent: The current annual rent is $39,675. According to the lease terms, the rent is upgraded every five years, with the next increase scheduled for June 2028. At that point, the rent will increase to $45,626 per year, providing a consistent and growing income for the new owner. Investment Opportunity: Land Purchase Price: The property is available for a competitive price of $900,000, offering significant potential for a high return on investment through strategic redevelopment. Cell Tower Lease Purchase Price: The cell tower lease can be acquired separately for an additional $900,000. This allows investors to secure an immediate revenue stream with predictable increases in the future. Overall, 6943 N. Western Ave. is a prime investment opportunity for savvy developers and investors. It offers versatility, a strategic location, and a consistent source of revenue through the existing cell tower lease.
Rarely Available Parking Spot with NO DIRECT NEIGHBORS. This stand alone spot is directly across from the elevator, creating a simple path while carrying groceries, etc. Never worry about a neighbor parking over the line! BROKER OWNED
Great development opportunity near United Center! 23,000 SF high visibility land site, zoned RT-4, for sale at the stoplight corner of Western & Warren. 125' of frontage along Western Avenue. Great location next to Popeyes, with quick and easy access to I-290. United Center is only 5 minutes away.
RARELY AVAILABLE VACANT PROPERTY LOCATED ON POPULAR TAYLOR STREET IN THE LITTLY ITALY AREA. ZONING IS B3-2. WALKING DISTANCE TO ONE OF THE LARGEST MEDICAL CENTERS IN THE COUNTRY.JUST MINUTES TO THE DOWNTOWN BUSINESS, THEATER DISTRICT AND LAKE FRONT.
House is tear down or possible rehab. Investors or builders perfect place to make a dream home. Home sits on back of the lot. As Is sold. Estate sale. Perfect Lot to build on
Prime Downtown Chicago Commercial Lots! Unlock the potential of urban development with this rare find: three vacant lots nestled in the heart of bustling downtown Chicago. Zoned B1-1, this strategically positioned land presents an unparalleled canvas for your entrepreneurial visions to flourish. Boasting a level terrain, these spacious lots are primed for a myriad of ventures. Whether you envision a cutting-edge office complex, a vibrant retail hub, or other investment opportunity, the possibilities are as boundless as your imagination. Access is a breeze with the convenience of a swing gate and a sturdy concrete driveway already in place. This turnkey feature streamlines your construction process, saving you time and resources as you embark on your venture. Surrounded by the dynamic energy of the Windy City, this property offers maximum exposure for your future business endeavors. With its central location, you'll be seamlessly connected to the pulse of Chicago's commercial and cultural epicenter. Seize this unparalleled opportunity to claim your stake in downtown Chicago's thriving landscape. Whether you're an established developer or an aspiring entrepreneur, this vacant land is your gateway to success. Don't miss out on this unique opportunity! Enquire now and let your dreams take root in the heart of Chicago's urban oasis.
Located in a desirable area of Hegewisch, IL! This blank canvas of (2) lots allows for endless possibilities to design a custom home tailored to your lifestyle. Enjoy the convenience of nearby amenities, schools, and parks, while relishing the tranquility of a residential neighborhood.
Developers dream! Vacant lot next to newly developed building. The building was very recently demolished leaving this approximately 2,525 SF lot, with RT-4 Zoning, ready for a new owner to come in and develop a building in an ever-growing market. RT-4 Zoning permits the construction of two-flats, townhouses, low-density apartment buildings, and single-family homes. An investor has an extremely rare opportunity to acquire a parcel of land in an area that has undergone tremendous growth and development.
Location: ON P3. Only residents of 420 E Waterside are allowed to rent or purchase parking.
Amazing opportunity to develop large vacant land in hot Portage Park area. 3 adjacent lots. Survey uploaded. Bring your ideas!
Are you looking for additional parking for your business? This land is zoned M1-2 and consists of 6,504 land square feet. This land would be ideal for a landscaper, construction co or roofing co. The property is gated for additional security and also has a mobile office with heat and AC. You could use this space as an office! Available now
Exciting opportunity in The Design District on Grand Avenue! These two parcels, zoned B1-3 in a Transit-Oriented Development area, offer versatility for both commercial and residential ventures. With a combined lot size of 48 x 100, there's plenty of room for development. The Design District is renowned for its dynamic community and unbeatable location, boasting seamless access to public transit and major highways. Don't let this chance to invest in prime real estate slip away - seize the opportunity on Grand Avenue today!
Vacant Lot located on the near West Side of the City. Close to the Medical District and UIC. Easy I-290 Expressway access and just minutes to Downtown. HUD Case 137-601542, Insured Status: UI (Uninsured). Subject to Appraisal. Property is owned by the US Dept of HUD. HUD Homes are sold "AS IS". Seller makes no representations or warranties as to property condition. Equal Housing Opportunity. Seller may contribute up to 3% for buyer's closing costs, upon buyer request.
© 2024 J.W. Reedy Realty. All Rights Reserved.
Website by Constellation1, a division of Constellation Web Solutions