Court Orders Auction 12/2: 1.8 Acre Development Site in the South Loop
Sold
800 S. Wells St.
Chicago, IL 60607
1.8 acres
Land
The Details
- 1.8 acre development site (77,528 SF)
- Adjacent to River City Condominiums
- Prime South Loop/Printer’s Row location
- 165’ of Chicago River frontage
- All utilities available to site
- Currently used as parking lot
- Proposed development plan included 276 residential units plus 6 townhomes
- Net Parking Rents (2013): $95,838
- Zoning: PD 225
- Taxes (2013): $108,653
At 9th and Wells, this 1.8 acre development site is located in a prime spot along the Chicago River. The site is currently used as parking; however, all utilities are available to the site for development. A proposed development plan called for a 276 residential condo tower with a mix of studios, 1 bedroom and 2 bedroom units plus six 3 bedroom, 3.5 bath townhomes.
Printer’s Row and the South Loop saw tremendous growth over the last decade and the population is expected to substantially increase. Many residents are drawn to this neighborhood due to its proximity to downtown and historic buildings.