The location of this property, just steps away from Michigan Avenue and within close proximity to multiple forms of public transportation, is really a developer's dream.
Chicago, Illinois (PRWEB) May 27, 2016
A six floor vacant building in Chicago’s Gold Coast neighborhood has been listed for sale with Cara Buffa of Chicago real estate brokerage Berkshire Hathaway HomeServices KoenigRubloff Realty Group. The building, located at 56-60 E. Chicago Avenue, has DX-12 zoning, the highest commercial zoning available. The list price is $20,000,000.
“The location of this property, just steps away from Michigan Avenue and within close proximity to multiple forms of public transportation, is really a developer’s dream,” said Buffa. She continued, “It’s one of the last parcels of land available for development in an area that is recognizable not only nationally, but globally. People from all over the world come to shop, dine, and experience the culture on the Magnificent Mile, and here you have this building that is finally available, in the heart of it all.”
Built in 1891, the building at 56-60 E. Chicago Avenue has six stories with three commercial spaces. The seller bought the building 30 years ago, and it has been vacant for the last 10 years. Prior to that, the building had been used for residential purposes for much of the 20th century. According to the seller, the foundation is built to support 12 stories.
For more information about 56-60 E. Chicago Avenue, please contact Cara Buffa at 312.593.2608 or email her at cbuffa(at)koenigrubloff(dot)com.
About Berkshire Hathaway HomeServices KoenigRubloff Realty Group
Berkshire Hathaway HomeServices KoenigRubloff Realty Group is a full-service real estate firm with nearly 1,500 real estate professionals and staff in 23 offices serving customers throughout the Chicago metropolitan area, the North Shore, Western Suburban communities and Harbor Country, Michigan. Deep local roots are complemented by the extensive global reach of Berkshire Hathaway HomeServices, the top real estate brand in the nation. Affiliated and ancillary services in the form of HomeServices Lending, Fort Dearborn Title, and Fort Dearborn Insurance complete the comprehensive services offered to clients. The company enjoys the #1 luxury market share in Chicago* and is the #1 listing brokerage for new construction**. Visit KoenigRubloff.com.
*#1 Luxury Market Share – Highest total closed sales volume of listings $1 million+ each, MRED MLS, Chicago, Attached and Detached, 1/1/15-12/31/15.
**#1 Listing Brokerage for New Construction – New Construction, Sold, List-Side Units and Volume, MRED MLS, Chicago, Attached and Detached, 1/1/15-12/31/15.