1026 W Van Buren St
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1026 W Van Buren St
25,371 SF Vacant Office Building Chicago, IL 60607 For Sale
Investment Highlights
- Endless Potential - Redevelopment, Adaptive Reuse, Ground-Up
- .25 Mile - CTA, Bus, I-290; 1-Mile, UIC, IMD, Fulton Market, Union Station, United Center
- Underutilized RBA DX Zoning with 5 & 7 FAR Precendent
Executive Summary
Cawley CRE pleased to present 1026 W VanBuren, an irreplicable Brick& Heavy-Timber loft building, with endless potential in Chicago's West Loop. The building offers, three-stories with an above grade lower-level, and 8,457 Sq.Ft Floorplates. Building currently a blank slate, with maintained cold shell. The property rests between Racine & Morgan Ave, less than 0.25 miles from 2 CTA stations, multiple bus routes, and I-290 Interstate Access. Fulton Market, United Center, IMD, UIC, and Union station are all within a 15-minute walk.
Neighborhood precedent for zoning is DX with 5 or 7-FAR, and the location qualifies within max threshold of Equitable TOD Bonuses. With the existing RBA of the building, there is underutilized FAR with potential to increase the existing size/height, Or raze and go ground-up.
Land acquisition + Estimated Capital Improvements are below replacement costs. *ARCO Murray Core & Shell Improvement Estimates available upon request.
Neighborhood precedent for zoning is DX with 5 or 7-FAR, and the location qualifies within max threshold of Equitable TOD Bonuses. With the existing RBA of the building, there is underutilized FAR with potential to increase the existing size/height, Or raze and go ground-up.
Land acquisition + Estimated Capital Improvements are below replacement costs. *ARCO Murray Core & Shell Improvement Estimates available upon request.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
25,371 SF
Building Class
C
Year Built
1930
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,457 SF
Slab To Slab
14’
Building FAR
2.77
Lot Size
0.21 AC
Zoning
DS-3 - DS-3, Downtown Service 3-FAR.
Located within Downtown Zoning Expansion Area: West Loop precedent DX-5, DX-7
Qualified: E-TOD
Ent.Zone 4
Amenities
- Signage
- Basement
- Natural Light
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Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 17-17-224-020-0000 | Total Assessment | $585,000 (2024) |
| Land Assessment | $225,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $360,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
17-17-224-020-0000
Land Assessment
$225,000 (2024)
Improvements Assessment
$360,000 (2024)
Total Assessment
$585,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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1026 W Van Buren St
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