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27384963

2139 W Pershing Rd, Chicago, IL 60609

SM
IL 471005379
SVN | Chicago Commercial
CS
IL 471.012418
SVN | Chicago Commercial
DD
IL 475139988
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
$5,900,000
241 days on market
Updated 38 days ago

The Pershing Portfolio | 159 Residential Units Approved

Details
APN 20-06-100-011-0000, 20-06-100-010-0000
Property Type Mixed Use, Retail (+1)
Sub Type Redevelopment Opportunity
Square Footage 320,000
Units 159
Tenancy Vacant
Broker Co-Op Yes
Year Built 1927
Buildings 2
Acreage 3.380
Zoning PD 1504
Investment Type Redevelopment

Located directly across from McKinley Park on Pershing Road

Marketing description

Incredible opportunity to develop two historic concrete loft buildings, located right on McKinley Park on the rapidly developing Pershing Road. Approved planned development for 159 residential units and commercial spaces. Seller Financing Available.

McKinley Park

Located on Chicago’s southwest side, McKinley Park stands as a testament to the city’s rich industrial legacy. Established in the early 20th century, it was the nation’s first planned industrial district, and its robust infrastructure and iconic brick factories and warehouses are emblematic of Chicago’s storied manufacturing history. Adaptive reuse projects have transformed some of these historic spaces into modern lofts, offices, and commercial centers, offering a unique blend of historic charm and contemporary functionality.

Strategically positioned, the McKinley Park submarket boasts exceptional connectivity to major transportation hubs. Proximity to railways, highways, and the Chicago “L” system makes it an attractive locale for businesses seeking efficient logistics and distribution channels. The mix of large adaptive reuse buildings and smaller commercial units also caters to a variety of business needs, from high-tech manufacturing and warehousing to retail, offices, and residential conversions. With the added advantage of its zoning, which promotes a desirable live-work-play community, the area continues to be a magnet for businesses and

residents alike.

The revival and modernization of McKinley Park is not just limited to its infrastructure. As new businesses have established themselves and older ones continue to thrive, there is a palpable sense of community and collaborative spirit among stakeholders. Local initiatives and business associations work towards fostering this bond, ensuring the district remains both commercially vibrant and community-oriented. For those eyeing a strategic location with deep-rooted industrial heritage, McKinley Park emerges as a prime choice.

Investment highlights

  • Approved planned development for 159 residential units and commercial

  • Seller Financing Available

  • Located directly across from McKinley Park on Pershing Road

  • Minutes from downtown with access to I-55 and I-90/94

  • Walking distance to the CTA Orange Line

  • Located steps from the city of Chicago’s $121M mixed-use development at 1769 W Pershing

Listing Contacts

SM
IL 471005379
SVN | Chicago Commercial
CS
IL 471.012418
SVN | Chicago Commercial
DD
IL 475139988
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

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