415-417 North Sangamon Street
.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
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