901 W Lake St, Chicago, IL 60607

901 W. LAKE STREET LOCATION The subject property, located at 901 W. Lake Street, is a 12,478 Sq. Ft. corner site at Lake and Peoria. The property is improved with a two (2) story loft Class B warehouse building. Much like its surrounding properties, this property has been used for food production. It is zoned C1-1 Commercial and is within the City of Chicago’s new downtown expansion area allowing for an increased FAR to promote higher density. 901 W. Lake Street property benefits from its location in the thriving West Loop neighborhood. This neighborhood has seen a dramatic shift in the past five (5) years from food production warehouses to creative loft office, retail and residential conversions. Redevelopment is the highest-and-best use for many properties in this submarket. Furthermore, the CTA Green and Pink Lines run adjacent to the property on the North. Specifically in the West Loop, the City has earmarked the South side of the CTA Green and Pink Line tracks that run along Lake Street as a prime location for highrise development, in an effort to create a “buffer” from the train and the surrounding neighborhood.  « show less

901 W. LAKE STREET LOCATION The subject property, located at 901 W. Lake Street, is a 12,478 Sq. Ft. corner site at Lake and Peoria. The property...  show more »