Description
Discover an extraordinary investment opportunity in the thriving Douglas neighborhood, an esteemed enclave within Chicago's prestigious South Loop, with this prime lot boasting coveted C1-3 zoning and a strategic location near the iconic White Sox stadium. Positioned on bustling State Street and offering scenic views, this property is in close proximity to prestigious colleges and is directly across from a picturesque park. The forthcoming addition of Pete's Fresh Market further enhances the area's allure, making it an ideal destination for discerning investors looking to capitalize on the neighborhood's burgeoning growth trajectory. Recent sales in the area underscore strong demand, with top residential comparables commanding impressive figures, such as $699,000 for residences and $409,000 for condos within a 1-mile radius. With its exceptional potential for a 3 or 4-unit development featuring versatile commercial space on the ground level and elegant residential units above, this lot presents a compelling and lucrative opportunity for visionary developers. Don't miss your chance to be part of this vibrant and evolving neighborhood at the heart of Chicago's South Loop.
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Description
Discover an extraordinary investment opportunity in the thriving Douglas neighborhood, an esteemed enclave within Chicago's prestigious South Loop, with this prime lot boasting coveted C1-3 zoning and a strategic location near the iconic White Sox stadium. Positioned on bustling State Street and offering scenic views, this property is in close proximity to prestigious colleges and is directly across from a picturesque park. The forthcoming addition of Pete's Fresh Market further enhances the area's allure, making it an ideal destination for discerning investors looking to capitalize on the neighborhood's burgeoning growth trajectory. Recent sales in the area underscore strong demand, with top residential comparables commanding impressive figures, such as $699,000 for residences and $409,000 for condos within a 1-mile radius. With its exceptional potential for a 3 or 4-unit development featuring versatile commercial space on the ground level and elegant residential units above, this lot presents a compelling and lucrative opportunity for visionary developers. Don't miss your chance to be part of this vibrant and evolving neighborhood at the heart of Chicago's South Loop.
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