217 N Wolcott Ave 0.28 Acres of Industrial Land in Chicago, IL 60612

Discover a versatile development opportunity with a prime urban infill location at 217 N Wolcott Avenue in Chicago, Illinois. Offering a 0.28-acre L-shaped lot, the land provides frontage to both Wolcott Avenue and Walnut Street, as well as flexible PMD-4A zoning, accommodating a wide range of development options. The site presents an ideal choice for the creation of new space for use as building materials sales, electronic data storage centers, light manufacturing, motor vehicle repair, and even limited restaurants.

Situated approximately 2.5 miles west of Downtown Chicago, 217 N Wolcott Avenue enjoys an easily accessible location with proximity to robust logistics infrastructure. The property is situated less than a mile from Interstate 290 and approximately 1.5 miles from Interstate 90, ensuring easy commutes and excellent connectivity to the greater metropolitan area. Access to the site is further enhanced by nearby mass transit, with stations for the green and pink lines reachable in just a short walk. Further exemplifying the strength of the location for industrial use, it sits just 2 miles from the Union Pacific Rail Terminal, 10 miles from Midway International Airport, and 16 miles from O’Hare International Airport.

Supporting 217 N Wolcott Avenue as a premier choice for new development, the surrounding area offers an existing commercial hub with access to quality amenities nearby. Within walking distance, employees working at a new development can grab coffee at Metric, pastries at Le Petit Sucre, or after-work drinks at Goose Island Taproom and Great Central Brewing Company. The property also sits near best-in-class recreation opportunities, including several lush parks as well as the United Center, home to the Bulls NBA team and Blackhawks NHL team.

Placed within the North Chicago Industrial Submarket, developments at 217 N Wolcott Avenue are poised to command strong rental rates. Currently, the submarket posts asking rents that sit 25% above the overall market average. The area also delivers excellent liquidity, with 96 recorded transactions and more than $146 million in sales volume during the past 12 months. Within just 2 miles of the subject property, industrial activities are supported by a workforce of over 288,000, including more than 40,000 employed in blue-collar industries. This creates a strong hiring and leasing environment that enables continued economic and business growth.

Realize the full potential of this rare development site that combines flexible zoning with easy access to major transportation and logistics infrastructure at 217 N Wolcott Avenue.

Property tours are by appointment only. Please contact Manthy Hiotis to schedule a visit and learn more about this incredible opportunity.