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Strauss Realty is proud to present the opportunity to acquire a prime location in the West Loop. The 9,000 SF site offers significant development potential, supported by high-density residential projects, established zoning precedents and convenient downtown location. Just down the street from Target, the site features a historic three-story brick and heavy timber building with approx. 25,371 SF above-grade and an 8,457 SF lower level. 50' of frontage along Van Buren Street. The property's strategic location makes it an attractive opportunity for a corporate headquarters. Located in between Morgan Street and Racine Street, this transit-oriented location is highly walkable with immediate access to I-290 and Racine Blue Line, as well as close proximity to I-90/94, Fulton Market, Illinois Medical District and UIC campus. Currently the 50'x180' site is zoned DS-3 (3.0 FAR) and residential is not permitted as-of-right. Nearby DX-5 and DX-7 precedents suggest potential for rezoning, subject to city approval. DX-5 Zoning allows up to 72,900 SF. DX-7 allows up to 103,500 SF. Incentives include - Central West TIF and Enterprise Zone 4; potential TOD and density programs warrant project specific evaluation.
| DAYS ON MARKET | 1 | LAST UPDATED | 11/4/2026 |
|---|---|---|---|
| YEAR BUILT | 1909 | COMMUNITY | CHI - Near West Side |
| COUNTY | Cook | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Exhaust Fan |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | CHI - Near West Side |
| LOT | 8930 sq ft |
| LOT DIMENSIONS | 50x180 |
| STORIES | 3 |
| TAXES | 93767.47 |
MORTGAGE CALCULATOR
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Listed with Strauss Realty Ltd
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.