224-522-1344
415-417 N Sangamon St, Chicago, IL for Sale
Commercial LAND - FOR SALE
1/12
23,087 SF

415-417 N Sangamon St
Chicago, IL 60642
West Loop


HIGHLIGHTS

  • Fully entitled for a 17-story, 260-foot tower approved by Chicago City Council in April 2023.
  • Entitlement fees and bonus density premiums already paid, providing meaningful cost savings.
  • Corner lot with dual frontage along N Sangamon and W Kinzie, enhancing retail activation potential.
  • Steps from multiple CTA train lines, major transit hubs, and the Kennedy Expressway.
  • Surrounded by major corporate headquarters and Fulton Market’s dense dining and retail corridor.
  • Existing tenancy delivers interim income while development plans are advanced.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Office, Mixed Use, Multi-Family

LAND ACRES

0.53 AC

LAND SF

23,087 SF

OFFSITE IMPROVEMENTS

-

ZONING

DX-7

APN/PARCEL ID

17-08-259-002-0000,17-08-259-003-0000,17-08-259-004-0000,17-08-259-008-0000

ASK ABOUT THIS PROPERTY

Marcus CookCresaMore Info
224-522-1344

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Marcus CookCresaMore Info
224-522-1344

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