901 Lake StChicago, IL 60607

Property Details for 901 Lake St

Year built

1936

Lot size

0.29 AC

Property size (Sq ft)

61,000 SF

Property type

Industrial properties

Property subtype

Other 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.

• Alternative Use

  Use

  Valuation

  Residential

  $22,438,652

  Hospitality

  $20,553,686

  Educational

  $17,100,424

  Medical

  $17,688,534

  Retail

  $26,600,660

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8854

Longitude

-87.6502

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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