Auction - June 17, 2025 | Parcel with 2 Buildings on Lake St in Chicago
The Details
- 13,500 SF land parcel
- Comprised of two buildings totally approximately 3,000 SF - Generates $52,000 rent annually
- Situated on West Lake Street, a corridor undergoing significant redevelopment
- Close to the CTA Green Line and I-290
- Benefits from city-led initiatives
- Good opportunity for user or investor
- Close proximity to I-290, public transit and major city arteries
- Businesses in the area include: McDonald’s, Walgreen’s, Dunkin’, Culver’s and more
- Zoning: PMD-9
Subject property is a 13,500 square foot parcel with two buildings totaling approximately 3,000 square feet feet available for sale via auction. This property is currently rented month-to-month by an automotive shop and generates $52,000 rent annually. The property is situated along Lake Street in West Garfield Park and is located in the PMD-9 zoning district. The zoning would allow for a variety of uses including automotive and repair shops. This area is undergoing revitalization, attracting investors interested in urban redevelopment and community growth. The property’s location offers easy access to major transportation routes, including the CTA Green Line and I-290. With the neighborhood’s potential for appreciation, driven by ongoing improvements and community initiatives, this is a great opportunity for a user or investor.
Located on the west side of Chicago, this property is a few blocks from Green Line stations and a short drive from the Eisenhower Expressway. West Garfield Park has become a desirable location for many businesses including boutiques, restaurants and bars. With increasing gentrification, the area is attracting a diverse group of entrepreneurs.