5155 North broadway Street
CHICAGO, IL 60640
Sq. Ft.: N/A
Incredible redevelopment opportunity on a prime corner mixed-use site in Uptown/Edgewater east of Andersonville. With 120' of frontage on Foster and 87.5' on Broadway this parcel has 10,500 SF of buildable land. Tenants are month-to-month with $107,000 in gross income ideal for new owner to keep tenants in place until ready to build new. C2-3 zoning permits commercial on the 1st floor and residential above. Potential for increased density and reduced parking under the TOD ordinance. The site is also in the Lawrence/Broadway TIF District expiring in 2025. Ideally located one block south of the CTA red line Berwyn stop, 1/2 mile west of Lake Shore Drive/Lakefront and 1/2 mile east of the Andersonville Clark Street commercial corridor. The Broadway corridor is active with new commercial and residential developments. Co-tenancy within 1/4 mile includes both national and local tenants. The area has strong demographics, density and traffic counts. Drive by and please do not disturb the tenants.
Broker: CONLON/Christie's International Real Estate
MLS Area: Chicago - Uptown
Directions: SOUTHEAST CORNER OF FOSTER & BROADWAY
Lot Size in Sq. Ft.: 10, 500
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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MRED LLC data last updated at March 19, 2018 3:33 AM CT