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1249 W. Lake St - Availability Details

1249 W Lake St., Chicago, IL 60607

  • For Sale $4,000,000
  • Property Type Retail - Street Retail
  • Property Size 8,400 SF
  • Lot Size 0.18 Acre
  • Date Updated Jul 29, 2022
A former manufacturing corridor turned art-edgy neighborhood, the West Loop area was a mix of factories, meat markets and wholesale produce outlets throughout the late 1800s and most of the 1900s. Many of these businesses still thrive in the area, but the neighborhood has seen a major demographic shift over the last few decades. The factories, most of which have closed, have been converted to high-priced lofts, critically acclaimed restaurants, nightclubs, art galleries, and retail boutiques, easily making the West Loop one of Chicago's newer trendy neighborhoods. The transformation began to happen in part because of the neighborhood’s proximity to the Loop, but also because of the availability of the massive timber and beam loft buildings, which have allowed for varying creative uses.
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Location

  • Walk Score ® Walker's Paradise (91)
  • Transit Score ® Excellent Transit (77)
  • Bike Score ® Biker's Paradise (90)
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  • City Chicago, IL
  • Neighborhood Fulton Market
  • Zip Code 60607
  • Market Chicago

Points of Interest

Morgan

0.37 miles

Ashland

0.40 miles

Racine

0.64 miles

Grand

0.70 miles

UIC-Halsted (Morgan Street)

0.76 miles

Chicago

0.78 miles

UIC-Halsted

0.81 miles

Clinton

0.86 miles

UIC-Halsted (Halsted Street)

0.88 miles

Ogilvie Transportation Center

0.93 miles

Citgo

0.57 miles

Shell

0.58 miles

Shell

0.60 miles

Shell

0.62 miles

BP

0.74 miles

Marathon

0.75 miles

BP

1.29 miles

Shell

1.30 miles

Citgo

1.33 miles

Mobil

1.34 miles

The Site

0.38 miles

Park 1

0.59 miles

Mid City Parking Lot

0.62 miles

E Uber

0.67 miles

J

0.69 miles

D

0.70 miles

J

0.73 miles

Harrison Street Parking Structure

0.74 miles

Parking Garage

0.74 miles

Lot 11

0.76 miles

Macello Ristorante

0.02 miles

Alhambra Palace

0.04 miles

The Loyalist

0.10 miles

Smyth

0.10 miles

Elske

0.13 miles

Bespoke Cuisine

0.14 miles

Gyu-Kaku

0.15 miles

Bottom Lounge

0.17 miles

Eleven Eleven

0.18 miles

McDonald's

0.18 miles

Target

0.57 miles

Mariano's Fresh Market

0.62 miles

Whole Foods Market

0.63 miles

Jewel-Osco

0.74 miles

H Mart

0.89 miles

Chicago French Market

0.93 miles

The Merchandise Mart

1.22 miles

Mariano's Fresh Market

1.25 miles

Restaurant Depot

1.34 miles

Target

1.39 miles

Contacts

broker

Drew Dillon

SVN | Chicago Commercial

(734) 223-2315

Highlights

  • Highly desirable Fulton Market corner building/development site available.
  • 3 blocks to Ashland Green/Pink Line CTA station and 5 blocks to Morgan Green/Pink Line CTA station.
  • High visibility corner location.
  • Potential 8.1 FAR due to property's location within Neighborhood Opportunity Bonus (Near West Area) boundary.
  • Potential for newly announced (comes into effect 2022) ARO Tax Credit.
  • Property is Broker-Owned

Contact Listing Broker

broker

Drew Dillon

SVN | Chicago Commercial

(734) 223-2315

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