CBRE, Inc., as the exclusive advisor, is pleased to present a rare opportunity to acquire a 2.38-acre site for redevelopment or existing building reuse/repositioning in West Ridge, a north side neighborhood of Chicago. Formerly home to the YMCA High Ridge, the property now offers an exceptional redevelopment opportunity.
Located at 2424 W Touhy Avenue, the site includes a +/- 27,000 SF building on 2.38 acres. Zoned B3-2, it permits a wide range of uses including residential, retail, medical office, hotel, and mixed-use development. With a floor-area ratio of 2.2, the property allows for up to 228,000 SF of buildable floor area. Alternatively, the buildings and large parking fields may be an ideal fit for an array of reuses — religious, educational, sports, fitness, medical, etc.
Strategically positioned at the high-visibility intersection of Touhy Avenue and Western Avenue, the property offers excellent connectivity — 28 minutes to Downtown Chicago, 13 minutes to Evanston, and 10 minutes to Lincolnwood Town Center — making it an outstanding opportunity for developers and investors.