Irreplaceable South Loop Infill Development Opportunity
– Prominent corner positioning along Michigan Avenue, one of Chicago’s principal north-south corridors, provides exceptional frontage, visibility and long-term development appeal.
– Surrounded by significant existing residential density and positioned near Chicago’s downtown employment base, lakefront, Museum Campus and Soldier Field.
DX-5 Zoning | Significant Development Flexibility
– The property is zoned DX-5 Downtown Mixed-Use, a classification intended to accommodate higher-density downtown development, including residential, commercial and mixed-use projects.
– 5.0 base FAR provides meaningful development density and the ability to evaluate a range of vertical development concepts.
Compelling Multifamily Development Fundamentals
– Multifamily / mixed-use residential represents a compelling potential highest-and-best-use strategy, supported by the site’s zoning, surrounding residential density and renter-oriented demographics.
– The immediate 1-mile population has expanded approximately 31% since 2010, increasing from 34,971 residents to 45,668 in 2024.
Prominent Michigan Avenue Corner Locations
– Corner positioning provides frontage along both Michigan Avenue and Cullerton Street, offering potential advantages for building identity, pedestrian access and development planning.
– The site’s proximity to the downtown core and major transportation corridors connects future residents to employment, entertainment and cultural destinations throughout Chicago.
Affluent, Dense & Renter-Oriented Demographic Base
– $134,293 average household income within one mile provides an affluent demographic foundation for higher-quality residential and complementary commercial development.
– The surrounding population expands to approximately 312,380 residents within three miles and 741,176 residents within five miles, underscoring the density of the broader urban trade area.
– More than 1.5 million daytime residents within five miles further benefit the location and reinforce its connectivity to Chicago’s extensive employment and commercial base.
