640 West Washington Boulevard
Chicago, IL 60661
For Sale
35,667 sqft
Sale Price
Contact Broker For Pricing
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Land For Sale - Available April 2024
Premier Fulton Market Entitled Development Site
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Tom Svoboda
TS
Large, High-Exposure Urban Footprint. 640 W Washington is a large, 35,000+ SF city land site at the hard corner and lighted intersection of Washington Blvd. and Des Plaines St. The Property is bound by I-90 on the west side, with exposure to over 228,000 vehicles per day. The Property further benefits from a large rectangular shape, efficient for high-rise site planning.
640 W Washington is fully entitled for a substantial mixed-use luxury residential (rental or for-sale condos) project, under a DX-7/11.5 zoning. Under the Planned Development (PD 1502), there are entitlements in place for 413 residential units, with only 10 set aside as affordable housing units.
- Fully entitled residential project with only 10% affordable housing required, half of the current Chicago requirement of 20% for new projects.
- Fully designed plans by well-known architect, HPA.
- No lengthy, costly, or contentious zoning process to go through, however a new buyer may choose to redesign the building.
640 W Washington is fully entitled for a substantial mixed-use luxury residential (rental or for-sale condos) project, under a DX-7/11.5 zoning. Under the Planned Development (PD 1502), there are entitlements in place for 413 residential units, with only 10 set aside as affordable housing units.
- Fully entitled residential project with only 10% affordable housing required, half of the current Chicago requirement of 20% for new projects.
- Fully designed plans by well-known architect, HPA.
- No lengthy, costly, or contentious zoning process to go through, however a new buyer may choose to redesign the building.
640 West Washington is located in the heart of the amenity rich and rapidly growing West Loop/Fulton Market neighborhood of Chicago. The location sits at the gateway of Fulton Market's major retail and restaurant corridor, Randolph Street, also known as "Restaurant Row". Once the center of the meatpacking industry, Fulton Market is now one of the nation's fastest growing and Chicago's most popular live, work, play destination.
- A+ Chicago location at the doorstep of Fulton market, walkable to Central Business District and other popular neighborhoods like River North.
- 2 minute walk to Restaurant Row.
- 2 minute walk to Whole Foods & Mariano's, just across the Washington Blvd. Bridge.
- 4 minute walk to Ogilvie Transportation Center.
- 6 minute walk to CTA Clinton Station.
- A+ Chicago location at the doorstep of Fulton market, walkable to Central Business District and other popular neighborhoods like River North.
- 2 minute walk to Restaurant Row.
- 2 minute walk to Whole Foods & Mariano's, just across the Washington Blvd. Bridge.
- 4 minute walk to Ogilvie Transportation Center.
- 6 minute walk to CTA Clinton Station.
Total Space Available
35,667 sqft
Sale Price
Contact Broker For Pricing
Get in touch
Tom Svoboda
TS