1601-1609 Superior StChicago, IL 60622

For Sale
$2,500,000

Prime Chicago location, 9,547 SF, C2-3 zoning.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 9,547 square foot commercial land parcel presents a remarkable investment opportunity in Chicago's vibrant West Town neighborhood. Situated at 1601-1609 W. Superior St, this property boasts a highly desirable C2-3 zoning designation, allowing for diverse development possibilities. The lot is located on the hard corner of Ashland and Superior, offering excellent visibility and accessibility. Its strategic position, just one block south of Chicago Avenue, places it within the heart of West Town's thriving restaurant and bar scene. The area has experienced significant recent growth, with a surge in both residential and retail development, including single-family homes, condos, and new retail establishments. The C2-3 zoning permits the construction of approximately 23 residential units with ground-floor commercial space. Furthermore, the property offers the potential for even larger-scale development; it can be purchased in conjunction with an adjacent corner lot to facilitate the creation of approximately 31 additional units, resulting in a total of approximately 54 units with commercial space on the first floor. This prime location and flexible zoning make this an exceptional opportunity for developers seeking to capitalize on West Town's continued expansion and high demand. The property is located in Cook County, Illinois, with a zip code of 60622.

Highlights

  • $2,500,000 asking price
  • 9,547 SF commercial land parcel
  • C2-3 zoning
  • Located at 1601-1609 W. Superior St, Chicago, IL 60622

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8947705
Longitude
-87.6675047
1601-1609 Superior St, Chicago, Illinois

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1601-1609 Superior St
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