239-249-4845

NO PHOTO

Commercial LAND - FOR SALE
32,836 SF

193 Columbus Dr
Chicago, IL 60601
Lakeshore East


HIGHLIGHTS

  • Prime development site in Chicago’s Lakeshore East, a premier master-planned community.
  • Grandfathered PD 70 zoning allows 702,256 SF of buildable area with zero bonus FAR cost.
  • No affordable housing requirement, unlike the citywide 20% mandate.
  • Approved plans for 574 residential units, 239 hotel keys, co-working, and retail space.
  • Immediate access to Riverwalk, Lakefront Trail, Millennium Park, and the Loop.
  • Rare opportunity in a high-density, high-demand submarket with limited remaining sites.

OVERVIEW

193 North Columbus Drive presents a rare opportunity to acquire a premier development site in the heart of Chicago’s Lakeshore East neighborhood, one of the city’s most prestigious and successful master-planned communities. Spanning 32,837 square feet, the site is strategically positioned at the convergence of the Chicago River, Lake Michigan, and the Central Business District, offering unmatched connectivity and visibility. The property benefits from highly favorable zoning under PD 70, which allows for up to 702,256 square feet of floor area with zero bonus FAR cost and no affordable housing requirement—an exceptional advantage in today’s regulatory environment. Approved plans are in place for a world-class mixed-use tower featuring 574 residential units, 239 hotel keys, 37,192 square feet of co-working space, and 10,170 square feet of retail. Parking requirements are minimal, with only 33 new spaces needed and an easement granting access to 329 existing spaces in the Aqua Parking Garage. Lakeshore East is anchored by a six-acre park and offers direct access to the Riverwalk and Lakefront Trail, creating a vibrant, amenity-rich environment. The neighborhood is home to a dense, affluent renter base and is surrounded by luxury residential towers and trophy office assets, ensuring sustained demand for high-quality multifamily and hospitality product. With limited remaining development parcels in this high-barrier-to-entry submarket, 193 North Columbus Drive represents an unparalleled opportunity to deliver a best-in-class mixed-use project in one of Chicago’s most dynamic urban settings.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Multi-Family, Hotel

LAND ACRES

0.75 AC

LAND SF

32,837 SF

OFFSITE IMPROVEMENTS

-

ZONING

PD 70

APN/PARCEL ID

17-10-318-075-0000

ASK ABOUT THIS PROPERTY

Tom SvobodaCBREMore Info
239-249-4845

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

Tom SvobodaCBREMore Info
239-249-4845

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