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415 North Sangamon Street, Chicago, IL 60642

PK
IL 475177836
Unpriced
37 days on market
Updated 37 days ago

415-417 North Sangamon Street

Details
Property Type Multifamily, Mixed Use (+1)
Sub Type Commercial
Square Footage 23,160
Pads 4
Acreage 0.530
Zoning DX-7
Investment Type Redevelopment
Ground Lease No
Sale Condition N/A

.53 AC pre-entitled urban infill development in Fulton Market

Marketing description

Cresa is pleased to present 415 – 417 N Sangamon Street, a rare preentitled

urban infill development site in Chicago’s premier Fulton Market

district.

The ~0.53-acre, four-parcel assemblage carries full City Council approval

for a 17-story, 260-foot mixed-use tower — with entitlement fees already

paid by the prior developer. A new owner steps into a shovel-ready position

without the time, cost, or political risk of the entitlement process.

Existing short-term tenants provide income to cover carrying costs while

a buyer advances their development program. The site supports multiple

redevelopment theses: office-led mixed-use, residential mixed-use, or a

hybrid retail/residential tower — all with strong Fulton Market fundamentals

behind them.

Investment highlights

-PREVIOUS ENTITLEMENT DONE

-FAR BONUS ALREADY PAID

-CORNER LOT, DUAL FRONTAGE

-EXISTING INCOME

-TOD DESIGNATION POTENTIAL

Listing Contacts

PK
IL 475177836

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Additional Information

Name
Patrick Kobilca
License
475177836
Brokerage
Cresa
Brokerage Phone
7084318894
Title
Vice President
Brokerage Address
167 North Green Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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