700-708 N. Ashland Ave.
Approximately ±12,457 SF of land on the hard corner of Ashland and Huron in West Town. Part of a ±21,925 parcel, zoned C2-3 for commercial or residential development. One block south of Chicago Ave. where all of the area’s hottest restaurants & bars are located. The neighborhood has seen a recent surge in the residential development of single-family homes, condos as well as retail development. Zoning allows for ±23 residential units with commercial on the first floor. Can be purchased with the adjacent corner of Ashland & Superior for development of ±31 units for a total of ±54 units with commercial on the first floor.
- Sale Price: $3,100,000
- Property Tax: $16,248
- MLS: 10992233
- Loopnet #: 23641304
- Building Type: Commercial, Development, Multi-family, Mixed Use, Retail, Land
- Site Square Feet: 12,457
- Zoning: C2-3
Property Details
This is an exclusive opportunity for strategic investors and developers looking to make their mark in the thriving landscape of West Town, Chicago.
Key Highlights:
- Strategic Location: Situated just one block south of Chicago Avenue, where the area’s hottest restaurants and bars draw a great crowd.
- Development Potential: The parcel is zoned to accommodate a total of 23 residential units with commercial spaces on the first floor – a perfect canvas for your vision.
- Surging Residential Development: West Town has witnessed a recent surge in the development of single-family homes, condos, and retail spaces, making it a hotspot for growth.
Why West Town?
- Dynamic Neighborhood: Experience the pulse of the city in a neighborhood that’s buzzing with life, culture, and an influx of new residents.
- Proximity to Entertainment: Your future development will be in close proximity to the area’s trendiest establishments, ensuring a steady flow of foot traffic.
Explore the Possibilities:
Whether you’re an experienced developer or an investor seeking a promising venture, these lots offer a canvas for creativity and success. West Town‘s upward trajectory in residential and commercial development makes it a strategic investment for the future.
Act Now!
Contact Jarrett Fradin at 773.551.5976 or jarrett@straussrealty.com to discuss further details about this exceptional opportunity. Don’t miss out on being a part of the West Town growth story!