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1001 W Jackson Blvd - Jackson & Morgan

0.41 Acres of Commercial Land in Chicago, IL 60607

Investment Highlights

  • 18,000 SF of land on a corner, lighted intersection
  • Existing tenant lease in place until July 2027 allowing for ample time to conduct entitlement process for redevelopment plans
  • Ability to upzone
  • Situated within a 'gas station desert" - providing for significant upside potential

Executive Summary

- Offered in a sealed-bid format with offers due by November 22, 2024
- Contact at matt@atproperties.com to receive the full offering memorandum & bid packet

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.41 AC

1 Lot Available

Lot

Lot Size 0.41 AC

- SW corner of Jackson Blvd. & Morgan St. - Lighted intersection - Currently improved with a branded c-store and fueling station with a lease expiry of July 2027

Description

- Situated in a high-demand area with excellent connectivity and proximity to major transport links, retail hubs, and amenities - The West Loop is one of Chicago’s most sought-after neighborhoods, known for its thriving restaurant scene, boutique shops, art galleries, and proximity to the central business district. The area has seen substantial growth and redevelopment in recent years, making it a hub for innovation and urban living. - Excellent access to public transportation with nearby CTA bus routes and close proximity to the UIC-Halsted Blue Line station. The location also benefits from easy access to major highways, including I-90/I-94 and I-290, facilitating quick commutes to and from the city.

Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-17-224-032-0000
Land Assessment
£352,103
Improvements Assessment
£587
Total Assessment
£352,689

zoning

Zoning Code DS-3 (Currently Zoned DS-3, “Downtown Service District” with potential for rezoning to a DX, Downtown Mixed-Use District or DR, Downtown Residential)
DS-3 (Currently Zoned DS-3, “Downtown Service District” with potential for rezoning to a DX, Downtown Mixed-Use District or DR, Downtown Residential)
  • Listing ID: 32876930

  • Date on Market: 19/08/2024

  • Last Updated:

  • Address: 1001 W Jackson Blvd, Chicago, IL 60607

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