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Investment Highlights

  • West Loop Adaptive Reuse / Redevelopment Opportunity

Executive Summary

Rare Opportunity to acquire sought after Fulton Market / West Loop Redevelopment Site. 107x134 foot lot 14,300 square feet. C1-2 Zoning. Lot contains 30,000 square foot brick construction building with side parking lot. Building structure is a shell building ready for new ideas. Electric and Plumbing to site. Build new construction or renovate existing building. Great for ground level restaurant with apartments or condo units above. Parking generates rental income. Hottest location in the Country, being in walking distance to Randolph St Restaurant Row and Fulton Market corridor, shopping, bars, lifestyle.

Attachments

165 N. May OM

Property Facts

Sale Type Investment
Sale Conditions
Redevelopment Project
  • Building in Shell Condition
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.33 AC
Building Size 30,000 SF
No. Stories 4
Year Built/Renovated 1968/2015
Parking Ratio 1/1,000 SF
Zoning C1-2 - Mixed Use: can be used for retail, office, or multi-family. Open for Rezoning

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Range
  • Tub/Shower

Site Amenities

  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 24 - -
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
17-08-428-021-0000
Land Assessment
$93,074 CAD
Improvements Assessment
$828,526 CAD
Total Assessment
$921,600 CAD
  • Listing ID: 36111147

  • Date on Market: 2025-06-04

  • Last Updated:

  • Address: 165 N May St, Chicago, IL 60607

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