1230 W Washington Blvd
Chicago, IL 60607

SVN Chicago Commercial is pleased to present this opportunity to acquire 1228-1244 W Washington. A fully entitled West Loop corner development site with an existing loft building that can be incorporated into the completed project. The total land size for the site is approximately 27,892 SF. The recently approved PD 1446 allows for a 213,614 gross SF office and retail building to be constructed on the site utilizing 160,195 SF of FAR (5.75). This rarely available entitled site has the added bonus of significant existing income through the current self-storage use. The current self-storage management contract allows a buyer the option to continue collecting income indefinitely from this use or cancel the contract within 90 days. This, coupled with the fact that the planned development is already fully approved for the site allows a buyer maximum flexibility on construction timing. The site also benefits from a highly desirable location in the West Loop of Chicago which has become one of the most desirable submarkets in the country. The property is within blocks of McDonald’s World Headquarters, Google’s Midwest Headquarters and the Morgan CTA stop making the completed project highly desirable to office tenants.