Waterway Point
Land | 21.49 acres
Marketing description
Colliers International has been retained by ownership to market a once in a lifetime opportunity to acquire critical parcels on Chicago’s near northside. The offering includes 21.49 acres and is a blank canvas adjacent to Chicago’s coveted Lincoln Park neighborhood. Waterway Point can be purchased as three (3) separate parcels or in its entirety. All of the sites are on the Chicago River and have direct access to public transportation, higher end residential, retail and entertainment opportunities. Waterway Point represents a game changing opportunity for either a developer or an occupier to leave their mark on Chicago’s northside.
Waterway Point represents one of the single greatest opportunities to capitalize on a growing trend to relocate from the status quo to something unique. The scale of the offering and the attributes of the location are unmatched. The features of the three sites are as follows.
21.49 acres available for sale, split between three parcels near the Chicago River, can be purchased as three separate parcels or in its entirety, adjacent to Lincoln Park, M3-3 zoning
Investment highlights
- Ideal Location: Waterway Point sits along the banks of the Chicago River and positioned in a highly visible location. The area boasts the strongest employment and residential growth in Chicago and provides unquestionable market support for a variety of uses.
- Emerging Tech Employment Base: As office demand expands outward from the Chicago CBD, the North Branch corridor is poised to accommodate a large proportion of future technology jobs. Substantial public investment has been pledged to ensure the continued growth of this fast-paced and innovative sector.
- Popular Residential Area for Millenials: The largest group of residents in this area is Millennials at 48.9% with Generation Z at 20.6%.
- Skyline and Waterfront Views: Waterway Point offers a redevelopment opportunity to showcase views of Chicago’s iconic skyline and the Chicago River.
- 1910 N. Clifton Avenue - 9.61 acres – Cortland Street on the north, just north of Wisconsin Street on the south. Chicago River on the west and Kingsbury Street on the east.
- 1110 W. North Avenue - +/-6.48 acres – North Avenue on the south, north of Willow on the on the north. The Chicago River on the west and Kingsbury Street on the east.
- 1401 N. Magnolia Avenue - +/-5.4 acres – Le Moyne Street on the North, Blackhawk Street on the south, Chicago River on the east Magnolia Avenue on the west.
- Sites on the Chicago River
- Adjacent to Lincoln Park
- Direct access to higher end residential, retail, and entertainment opportunities
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