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415-417 N Sangamon St Lot • Terrain commercial • 0,53 Acres • Chicago, IL 60642
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Faits saillants de l'investissement
- Fully entitled for a 17-story, 260-foot tower approved by Chicago City Council in April 2023.
- Corner lot with dual frontage along N Sangamon and W Kinzie, enhancing retail activation potential.
- Surrounded by major corporate headquarters and Fulton Market’s dense dining and retail corridor.
- Entitlement fees and bonus density premiums already paid, providing meaningful cost savings.
- Steps from multiple CTA train lines, major transit hubs, and the Kennedy Expressway.
- Existing tenancy delivers interim income while development plans are advanced.
Résumé de l'annonce
In addition to its development-ready status, the property currently generates income through existing short-term leases, mitigating holding costs. The site’s configuration offers dual street frontage at the prominent intersection of N Sangamon Street and W Kinzie Street, creating retail visibility and architectural identity. Further upside potential includes eligibility for Transit-Oriented Development benefits, thanks to its proximity to CTA Green and Pink Lines, the Blue Line, and I-90/94, all within a half-mile radius.
Located in one of Chicago’s most sought-after markets, surrounded by major employers like Google and McDonald’s, plus a vibrant restaurant and lifestyle scene, this asset offers exceptional competitive advantages for mixed-use, office-led, or residential redevelopment strategies.
Faits sur la propriété
1 Lot disponible
Lot
| Taille du lot | 0,53 AC |
| Taille du lot | 0,53 AC |
The property at 415–417 N Sangamon Street in Chicago encompasses approximately 0.53 acres across four parcels within the Fulton Market/West Loop submarket. It is zoned PD 1561 with a DX-7 base classification.
Description
The property at 415–417 N Sangamon Street in Chicago encompasses approximately 0.53 acres across four parcels within the Fulton Market/West Loop submarket. It is zoned PD 1561 with a DX-7 base classification and was approved by City Council in April 2023 for a 17-story, 260-foot mixed-use tower, including approximately 267,000 SF of development. The site occupies a corner position with frontages on N Sangamon Street and W Kinzie Street and features transit-oriented development characteristics. Existing structures on the property include a three-story brick building with a loading dock and one-story improvements. All entitlement fees and FAR bonuses allowing 4.5 additional FAR have been secured. The site is located near major employers and transportation infrastructure, with Morgan CTA station and I-90/94 nearby.
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 448 758 $ CAD | |
| Évaluation du terrain | 380 519 $ CAD | Évaluation totale | 829 277 $ CAD |
Impôts fonciers
Présenté par
415-417 N Sangamon St
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