1026 Van Buren StChicago, IL 60607

Property Details for 1026 Van Buren St

Year built

1909

Lot size

0.21 AC

Property size (Sq ft)

20,300 SF

Property type

Industrial properties

APN

17-17-224-020

APU

1717224020

Description

This exceptional three-story, 25,371 square-foot R&D building in Chicago's West Loop offers a unique blend of historic charm and modern adaptability. Situated on a 9,000 square-foot lot, the property boasts 12'10" to 12'3" ceiling heights, one loading dock, and a DS-3 zoning permit. Its prime location provides immediate access to major expressways, public transit (including a 5-minute walk to the CTA Blue Line), and numerous amenities, including parks, restaurants, and major transportation hubs like Ogilvie and Union Station. The building's adaptive reuse potential, coupled with its location in a thriving area experiencing significant population growth (155% since 2022) and high median income ($138,000), presents a compelling investment opportunity. The property benefits from its location within an Enterprise Zone, Central West TIF District, and a TOD (Transit Oriented Development) area, maximizing development potential. With precedent for high FAR (Floor Area Ratio) and bonus FAR programs, this site is scalable for ground-up development, offering significant upside for future expansion. The area's robust job market (966,388 jobs accessible within 30 minutes) and high transit score (9.73/10) further enhance its desirability. Built in 1900, this irreplaceable brick and heavy timber structure offers a unique character, while its zoning allows for significant expansion, making it an ideal investment for developers and businesses seeking a prominent location in a rapidly growing area of Chicago. The property's APN is 17.17.224.020.000.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8769

Longitude

-87.6529

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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