509 N UNION AVE Chicago IL 60654-5520

CALL FOR OFFERS: FRIDAY SEPTEMBER 20TH

SVN Chicago Commercial is pleased to present this opportunity to acquire the River West Salvation Army Development Site. The total land size for the site is approximately 70,000 SF. The current underlying zoning is a C1-5 however the entire site is located within the city of Chicago’s Milwaukee Area Downtown Expansion Zone which allows for up to an 8.1 Max FAR.

This rarely available large scale, high-density site has been in the same ownership since the 1930s. The site benefits from high visibility along the Ohio Feeder ramp and proximity to the Grand Ave Blue Line L stop which qualifies the site for transit-oriented development relief. Furthermore, this site is located adjacent to the planned River District Development, a 37 Acre, 9 million SF, $2.5 billion development. The Property is located in the River West Submarket of Downtown Chicago.

This area is experiencing unprecedented growth due to its proximity to the Chicago River, public transportation, and some of the most desirable submarkets in the city including the Loop, River North, & The West Loop.

• Rarely available approx. 70,000 SF redevelopment site in Chicago’s highly desirable River West Neighborhood
• Steps from the planned 37 acre, $2.5 billion mixed-use River District development
• TOD Eligible property just one block from Grand Ave Blue Line stop
• Located within the “Milwaukee Area” of the City of Chicago’s Downtown Expansion area allowing a developer to build up to 8.1 FAR or approx 567,000 SF