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5407 N Broadway St - Edgewater Development Site

0.17 Acres of Commercial Land Offered at £935,028 in Chicago, IL 60640

Executive Summary

Operating business on site. Please do not disturb employees. Business is also for sale. Contact agent for NDA to access financials.

Property Facts

Price £935,028 Property Type Land
Sale Type Investment or Owner User Property Subtype Commercial
Sale Conditions Development Sale Proposed Use
Apartment Units - Condo
  • Auto Repair
No. Lots 1 Total Lot Size 0.17 AC
Price £935,028
Sale Type Investment or Owner User
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units - Condo
  • Auto Repair
Total Lot Size 0.17 AC

1 Lot Available

Lot

Price £935,028 Lot Size 0.17 AC
Price Per AC £5,430,651
Price £935,028
Price Per AC £5,430,651
Lot Size 0.17 AC

50 x 150 zoned B1-3

Description

Excellent opportunity to purchase a longstanding automotive repair business or purchase for redevelopment in rapidly developing Edgewater! The barrel truss building is approx. 7,000 SF and sits on a 50' x 150' lot with alley access. The site is TOD Eligible with dash 3 zoning and proximity to the Berwyn Red Line CTA (~832' away) and Bryn Mawr Red Line CTA (~1,192' away). Existing zoning permits 18 residential units above ground floor commercial within right. Parking requirement reductions available due to TOD status. Edgewater continues to rapidly develop due to the access to public transit and the Lakefront. This development site is directly east of Lakewood Balmoral and Andersonville which are the two premier pockets within the larger Edgewater neighborhood. Foster Beach and the Lakefront Trail are also a 13 min walk from the site.

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Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (85)
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.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 14-08-204-010-0000 Improvements Assessment £71,790
Land Assessment £73,355 Total Assessment £145,144

PROPERTY TAXES

Parcel Number
14-08-204-010-0000
Land Assessment
£73,355
Improvements Assessment
£71,790
Total Assessment
£145,144

zoning

Zoning Code B1-3 (TOD Eligible. FAR of 3.0. MLA of 400SF/unit. Potential for 18 residential units above commercial under existing zoning.)
B1-3 (TOD Eligible. FAR of 3.0. MLA of 400SF/unit. Potential for 18 residential units above commercial under existing zoning.)
(312) 925-2521

  • Listing ID: 32040111

  • Date on Market: 06/06/2024

  • Last Updated:

  • Address: 5407 N Broadway St, Chicago, IL 60640

The Land Property at 5407 N Broadway St, Chicago, IL 60640 is currently available For Sale. Contact Chicago Real Estate Resources for more information.

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5407 N Broadway St - Edgewater Development Site
(312) 925-2521 x

5407 N Broadway St - Edgewater Development Site

Nathan Gautsche

(312) 925-2521

(312) 925-2521

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