Listed by Millennium Properties R/E
$1,750,000
1639 S. Indiana Ave
Details
Property Type Office, Retail
Sub Type investment
Square Footage 18,000
Units 172
Zoning DX-5
Parking Spaces 60 spaces
Parking Per SqFt 3.33
Office | 18,000 SF
Marketing description
Available for Sale is a 60-space Parking Lot in the South Loop.
Situated Near the Corner of Indiana Avenue and 18th Street,
the Parcel Currently With the Present Zoning, 172 Units Over
180,000 Square Feet of Building and Potential Bonuses. the Lot
is Adjacent to the Prairie District Lofts, a Condominium Building With 116 Residential Units and 6 Commercial Spaces on the
Ground Level, Also Available for Sale. Excellent Opportunity for a
Developer or Investor to Benefit From the Area’s Recent Growth
and Robust Rental Market. Attractions in the Area Include Soldier
Field, Shedd Aquarium, Adler Planetarium, the Field Museum,
and the School of the Art Institute of Chicago, Columbia College, Oyster House, Starbuck’s, Mariano’s and More.
in the Last Decade, the South Loop Has Seen a Tremendous Transformation, Quickly Becoming One of the Premiere Areas With Its
Attractive High-rise Condominium Complexes, Close Proximity to
Transportation, Fine Dining Establishments and Hot Entertainment
Venues.
Investment highlights
- 23,023 Sf Parking Lot
- In-place Cashflow
- Strong Customer Base From Adjacent Condominium Building and Surrounding Venues
- Desirable South Loop Location in Close Proximity to Soldier’s Field, Upscale Shopping, Museums, Numerous Award Winning Restaurants, Entertainment Venues 5-star Hotels
- And Downtown Chicago
- Traffic Count: 19,505 Vehicles Daily
- Zoning: Dx-5
- Taxes (2022): $68,211.41
Listing Contacts
Listed by Millennium Properties R/E
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?








