This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5407 N Broadway St - Edgewater Development Site
0.17 Acres of Commercial Land Offered at $1,195,000 in Chicago, IL 60640
Executive Summary
Property Facts
| Price | $1,195,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Price | $1,195,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.17 AC |
1 Lot Available
Lot
| Price | $1,195,000 | Lot Size | 0.17 AC |
| Price Per AC | $6,940,572 |
| Price | $1,195,000 |
| Price Per AC | $6,940,572 |
| Lot Size | 0.17 AC |
50 x 150 zoned B1-3
Description
Excellent opportunity to purchase a longstanding automotive repair business or purchase for redevelopment in rapidly developing Edgewater! The barrel truss building is approx. 7,000 SF and sits on a 50' x 150' lot with alley access. The site is TOD Eligible with dash 3 zoning and proximity to the Berwyn Red Line CTA (~832' away) and Bryn Mawr Red Line CTA (~1,192' away). Existing zoning permits 18 residential units above ground floor commercial within right. Parking requirement reductions available due to TOD status. Edgewater continues to rapidly develop due to the access to public transit and the Lakefront. This development site is directly east of Lakewood Balmoral and Andersonville which are the two premier pockets within the larger Edgewater neighborhood. Foster Beach and the Lakefront Trail are also a 13 min walk from the site.
PROPERTY TAXES
| Parcel Number | 14-08-204-010-0000 | Improvements Assessment | $49,705 |
| Land Assessment | $112,500 | Total Assessment | $162,205 |
PROPERTY TAXES
zoning
| Zoning Code | B1-3 (TOD Eligible. FAR of 3.0. MLA of 400SF/unit. Potential for 18 residential units above commercial under existing zoning.) |
| B1-3 (TOD Eligible. FAR of 3.0. MLA of 400SF/unit. Potential for 18 residential units above commercial under existing zoning.) |
-
Nathan Gautsche -
Chicago Real Estate Resources
Presented by
5407 N Broadway St - Edgewater Development Site
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.