847-707-3420
12-16 W Maple St, Chicago, IL for Sale
Retail - FOR SALE
1/10
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12-16 W Maple St
Chicago, IL 60610
Near North Side


HIGHLIGHTS

  • Premier Gold Coast Location
  • Exceptional Zoning For As-Of-Right Development
  • Highly Walkable & Accessible Location
  • Premium Retail Corridor
  • Exceptional Demographics

OVERVIEW

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 12-16 W Maple Street (the “Property”), an urban infill development site prominently located in Chicago’s prestigious Gold Coast neighborhood, adjacent to one of the most coveted areas in the city. The Property is adjacent to the acclaimed Maple & Ash restaurant and across the street from the iconic Gibsons Bar & Steakhouse, offering a rare opportunity to own and develop a parcel in an irreplaceable location. The ±7,912 square foot site is currently occupied by a four-story, ±20,572 square foot mixed-use building and an adjacent parcel with a total of 75 feet of frontage along Maple Street. The Property is occupied by several tenants on short term leases expiring in 2025 with no extension options. The site is zoned DX-7, Downtown Mixed-Use District, one of the most advantageous zoning designations in Chicago. The underlying zoning allows a wide variety of as-of-right uses including retail, residential, hospitality, and more. Additional density can be obtained either by unlocking the Neighborhood Opportunity Bonus benefits or by up-zoning the Property to DX-12 and capitalizing on applicable density bonuses. Located 1.5-miles north of the Chicago CBD ‘Loop’, the Gold Coast neighborhood is home to dozens of acclaimed restaurants and bars, attracting Chicagoans and tourists alike. The historic neighborhood is known as one of the best in Chicago and is home to the city’s highest concentration of luxury retailers and highest grossing restaurants. The Property benefits from Gold Coast’s diversified and dense demographics and is steps from the vibrant Mariano Park, known as the “Triangle” and home to some of the city’s best restaurants and shopping, including Maple & Ash, Prada, Vuori, Hermès, On Shoes, Urban Outfitters, Gibsons, The Bellevue, and many others.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gold Coast Development Site

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,921 SF

ZONING

DX-7

APN/PARCEL ID

17-04-414-017-0000,17-04-414-018-0000,17-04-414-019-0000

ASK ABOUT THIS PROPERTY

Danny SpitzGreenstone PartnersMore Info
847-707-3420

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Danny SpitzGreenstone PartnersMore Info
847-707-3420

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