Properties

Features
: Central Air
: Carpet
: Electric to Site , Gas to Site , Water to Site , Water-Municipal
Address Map
US
IL
Cook
Chicago
60659
Peterson
3550
Avenue
W88° 22' 32.1''
N41° 52' 32''
Kimball to Peterson. Peterson to property. At the corner of Central Park
CHI - North Park
W
COMMR
Additional Information
19000
: Brick
: Commercial , Office , Legal Non Conforming , Conditional Use
Circuit Breakers
: Concrete Perimeter
208 X 100
20
Condominium,Development,Multi-Family
1399770
2
Crown Heights Realty
Andrew Glatz
Financial
49922
Listing Information
137860
18595
Active
2024-09-10T05:07:05Z
MRED
2024-09-10T05:05:37Z
Property Description

This prime hard corner property presents a rare opportunity for developers and investors alike. The offering includes a two-story, 15,000 square foot office building on a generous 15,769 square foot lot (0.36 acres) at the intersection of Peterson and a neighboring street, as well as the adjacent 50 x 100 foot property at 3540 W. Peterson. Combined, these two properties form an expansive 207.6 x 100 foot lot, ideal for a significant new development. Currently owned by a non-profit entity with plans to redevelop, the existing office building is occupied by multiple tenants but requires extensive work. The B2-1 zoning, designated as Neighborhood Mixed-Use District, allows for retail storefronts and apartments on the ground floor, encouraging development in commercial corridors with low demand for retail. The FAR (Floor Area Ratio) of 1.2 further supports mixed-use redevelopment potential. This offering is perfect for those looking to create a large-scale project in a desirable area. The seller is seeking a buyer for both buildings together, providing a substantial footprint for a transformative new development. Don’t miss this unique opportunity to shape the future of this key location.

Commercial Sale For Sale

3550 W Peterson Avenue, Chicago, Illinois 60659

  • Lot Size: 0.50 Acre
$1,799,770
Listing ID#11976446
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11976446
Price : $1,799,770
Year Built : 1971
Lot Size : 0.50 Acre
Listing Status : Active
Property Sub Type : Office
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