Listed by Transwestern Chicago, MB Real Estate
$17,256,645
Andersonville / Lincoln Square Land Site
Details
APN 14-07-100-002, 14-07-104-001, 14-07-104-015, 14-07-104-016
Property Type Land
Sub Type Commercial
Acreage 11.318
Zoning RM-5
Land | 11.318 acres
Marketing description
5451 N Western is a greenfield development site in Chicago’s vibrant Andersonville/Lincoln Square neighborhood. The 11-acre space is deed restricted to school, retirement and nursing home, healthcare facility, and church use. The space has great brand visibility with 536 feet of frontage on Western and 700 feet on Bowmanville.
Investment highlights
• 11.3188 acres of greenfield land available (divisible to 3 +/- acres)
• Located in Chicago’s vibrant Andersonville / Lincoln Square neighborhood
• RM-5 Zoning
• Deed Restricted Permitted Uses:
• School (public or private)
• Retirement home
• Nursing home
• Health care facility
• Church, synagogue or other place of worship
• 2.0 FAR / 986,094 sq. ft. RBA Permitted
• 40thWard (Alderman Andres Vasquez)
• Located 0.88 miles from CTA Brown Line Western Stop (Lincoln Square)
• Located within the Devon/Western TIF (2023 expiration)
• ASKING PRICE: $35.00 psf ($17,256,645.00)
•Currently tax exempt due to use
•Level and above grade
•Land includes two large sheds and a 2,500-square-foot house
•Asking price of $35/psf
Listing Contacts
Listed by Transwestern Chicago, MB Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
