1017 West Division Street
Land | 2.11 acres
Marketing description
Savills, as exclusive advisor, is pleased to announce the opportunity to acquire 1017 West Division Street in Chicago, Illinois. This 2.11 acre (91,911 square feet) site is being offered to qualified investors and developers to obtain fee simple interest in the property. Goose Island is a large industrial corridor of Chicago. Amazon, FedEx, CTA Distribution, and many other companies have a footprint on Goose Island. Located just 0.2 miles from the subject property is a state of the art and brand new industrial development. With over 1.2 million square feet, this development is a first of its kind in the City of Chicago and is changing last mile distribution in Chicago. The subject property presents the unique opportunity to join a growing industrial corridor and is a terrific site for a logistics/distribution center or data center. Given the location between major roadways such as Halsted Street and I-90, this is also an ideal site for general retail, drive-thru restaurants, or self-storage.
Investment highlights
- 2.11 Acres
- Zoned PMD 3 (Goose Island Planned Manufacturing District)
- Total Annual Gross Property Income: $258,000
- High exposure site along Division Street and just 2 minutes from I-90 (217,300 vehicles per day).
- In close proximity to the North Branch of the Chicago River, stretching out to the Northern Suburbs of Chicago and providing residents with activities such as kayaking, boating, architecture tours, and much more.
- 15 minute drive to “The Loop” and over 64 million SF of office space.
- Centrally located between major Chicago neighborhoods including the West Loop, River North, River West, Old Town, Bucktown/Wicker Park.
- Amenity rich area, near The Salt Shed, Target, Whole Foods, and Newcity Shopping Center.
- Division Street bridge replacement and roadway improvements with protected bike lanes along Division Street planned.
- New traffic signal at Hickory Avenue and Division Street and addition of left turn lanes.
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