415–417 N Sangamon Street presents a rare opportunity in Chicago’s dynamic Fulton Market district—a fully entitled urban infill site poised for mixed-use development. The 0.53-acre assemblage combines four contiguous parcels and benefits from full City Council approval for a 17-story, 260-foot tower featuring approximately 267,000 SF of mixed-use space, including office and ground-floor retail. All entitlement fees, totaling approximately $2.68M, have been paid, enabling a streamlined, shovel-ready starting point that eliminates timeline uncertainty and political risk for investors.
In addition to its development-ready status, the property currently generates income through existing short-term leases, mitigating holding costs. The site’s configuration offers dual street frontage at the prominent intersection of N Sangamon Street and W Kinzie Street, creating retail visibility and architectural identity. Further upside potential includes eligibility for Transit-Oriented Development benefits, thanks to its proximity to CTA Green and Pink Lines, the Blue Line, and I-90/94, all within a half-mile radius.
Located in one of Chicago’s most sought-after markets, surrounded by major employers like Google and McDonald’s, plus a vibrant restaurant and lifestyle scene, this asset offers exceptional competitive advantages for mixed-use, office-led, or residential redevelopment strategies.