10 W Erie St - Commercial LAND FOR SALE


Chicago, IL 60654- River North13,939 SF
$6,300,000 USD
312-523-6687
10 W Erie St, Chicago, IL for Sale
$6,300,000 USD
Commercial LAND - FOR SALE
1/9
13,939 SF

10 W Erie St
Chicago, IL 60654
River North


HIGHLIGHTS

  • Premier River North Location
  • Limited Supply of Housing
  • Ideal DX-5 Zoning for As-of-Right Development
  • Proximity to Transit
  • Strong Neighborhood Dynamics
  • Superior Demographics

OVERVIEW

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 10-22 West Erie Street (the “Property” or “Investment”), a premier urban infill development site in Chicago’s River North neighborhood. The Property consists of four contiguous parcels totaling 13,940 square feet of land along West Erie Street. The two western parcels combine for ±6,904 square feet of vacant land; 14 West Erie includes ±2,940 square feet of land and is improved with a vacant three-story, ±5,298-square-foot orange-rated building; and 10-12 West Erie adds ±4,084 square feet of vacant land to the east. The Property is zoned DX-5, allowing for as-of-right high-density mixed-use development. This zoning provides a clear path to redevelopment and avoids the time and uncertainty associated with a zoning approval process. Notably, the development would not require on-site affordable housing under the Affordable Requirement Ordinance (ARO). Located just steps from Michigan Avenue and the Magnificent Mile, the Property is surrounded by River North’s dense concentration of residential towers, hotels, acclaimed restaurants, nightlife, and destination retail. River North continues to attract strong investment and tenant demand as one of Chicago’s premier live-work-play environments, driven by its central location, affluent demographics, and proximity to major employment hubs, while the broader downtown market remains supported by limited new housing supply, reinforcing the long-term appeal of well-located development opportunities in core urban neighborhoods. The Property also benefits from exceptional connectivity and daily convenience, with walkable access to the Chicago Avenue CTA Red Line station, multiple bus routes, and immediate access to the Kennedy Expressway and Lake Shore Drive, providing seamless connectivity throughout the city and greater region.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/ACRE

$19,686,393/AC

PRICE/SF

$452 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Storefront Retail/Residential

LAND ACRES

0.32 AC

LAND SF

13,940 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

DX-5

APN/PARCEL ID

17-09-220-016-0000,17-09-220-017-0000,17-09-220-018-0000

ASK ABOUT THIS PROPERTY

Jason St JohnGreenstone PartnersMore Info
312-523-6687

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Jason St JohnGreenstone PartnersMore Info
312-523-6687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.