Edgewater Rehab or Owner-User Near Bryn Mawr CTA Red Line
Prominent Edgewater Rehab or Owner-User Opportunity Adjacent to Bryn Mawr CTA Station | 10,175 SF
Marketing description
Property Description
1122-26 W. Bryn Mawr comprises two one-story masonry storefronts on a combined 11,273 SF lot with approximately 75 feet of Bryn Mawr Avenue frontage. The building totals 10,175 SF and benefits from rear public alley access, providing a highly functional and flexible footprint for a range of commercial uses. The property consists of two buildings with distinct histories. 1122-1124, known as the National Tea Company Building, was constructed in 1929. 1126, the E. Kenner Ingal Building, dates to 1919. Both are classified as Late Classical Revival in style. The single-story floorplate, generous ceiling heights, and wide storefront bays make the building well-suited for adaptive reuse across retail, restaurant, food & beverage, fitness, medical, creative office, or cultural/arts uses. The property sits directly adjacent to the Bryn Mawr CTA Red Line Station, which completed a full renovation in 2025.
Location Description
Edgewater is a dense, transit-oriented lakefront neighborhood on Chicago's North Side with a mix of residential stability and neighborhood-driven retail demand. Anchored by the Broadway and Clark Street corridors, the area has a high concentration of multifamily housing, strong population density, and a diverse, service-oriented tenant base supporting consistent foot traffic. CTA Red Line, Lake Shore Drive, and the Lakefront Trail provide connectivity, and Loyola University Chicago adds a steady institutional presence. Demographics within 1 mile show 72,218 estimated population, $76,264 median household income, 40,002 households, and 34,871 daytime population.
Investment highlights
- Rare single-story 10,175 SF building on an 11,273 SF lot with ~75' of Bryn Mawr frontage directly adjacent to the Bryn Mawr CTA Red Line Station entrance
- Located within the National Register-listed Bryn Mawr Avenue Historic District since 1995, potentially eligible for Federal 20% and Illinois 25% Historic Tax Credits on qualified rehabilitation expenditures
- May be eligible for Cook County Class L Property Tax Incentive upon final Chicago Landmark designation, reducing assessed value to 10% of market value for 8 years
- B3-5 zoning (5.0 FAR) with ETOD and ARO Tax Credit eligibility; apartments permitted above ground floor
- Existing infrastructure includes turn-key 5,400 SF office space and 4,775 SF retail/raw space
- Roof and HVAC in good condition, approximately 7 years old
- Rear public alley access for service and loading
- Phase I Environmental Site Assessment completed 2018; updated Phase I recommended
- Notable surrounding retailers include Whole Foods Market, Parsons Chicken & Fish, LA Fitness, Ann Sather, Metropolis Coffee, and others
- Immediate access to Bryn Mawr Red Line CTA Station and DuSable Lake Shore Drive; proximate to Loyola University Chicago and Lake Michigan lakefront
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