236-238 W Division Street, Chicago, IL 60610

For sale: 236-238 Division Street - Imperial Realty Company

Property Details

Imperial Realty Company is pleased to present the opportunity to acquire the 21,000 SF redevelopment Site located at 236-238 W. Division Street in the Old Town neighborhood of Chicago. Situated steps away from the busy intersection of W. Division St. and N. Wells St. (18,900 VPD), this Property provides tremendous redevelopment potential given the footprint of approximately 21,000 SF with favorable C1-5 zoning and the option to build up to approximately 105,000 SF. With over 69,000 people living within one mile of the Property, the Site is able to draw on a large population that boasts an above average household income of $132,000 compared to that of the U.S. average of $74,000.

Located less than 3 miles from downtown Chicago, Old Town is a highly sought after neighborhood boasting affluent demographics and a plethora of attractions for residents and tourists alike. The infamous Wells Street retail strip located between North Avenue and Division Street is home to a variety of boutiques, entertainment hubs, restaurants, and cultural activities, including The Second City, a world premier comedy club and school of improvisation. Situated steps from North Avenue Beach and the Lincoln Park, and less than a half mile from the Lincoln Park Zoo which brings in over 20 million visitors annually, Old Town provides visitors of all ages with easy access to outdoor destinations year-round. In addition to Old Town’s lively surroundings, its central location within the city of Chicago makes it a convenient hub for commuters.

 

Download Survey | Download Offering Memorandum