List Price: Request for Offer - Under Contract

Current zoning: rm-5/b3-5 · site area 19,459 sf

This offering consists of a two story mixed use building and land that fronts both Wells Street and Wieland Street. The land is currently used for valet parking and a nursery. The mixed use building is occupied by Kanela Breakfast Club on the first floor and a management company on the second floor that both have leases expiring in 2021. The subject property offers a unique redevelopment or repositioning opportunity due to advantageous “as-is” B3-5 and RM-5 zoning. The current zoning and size of the parcel provides a developer multiple investment strategies. Parcels such as this rarely come available in this location.

  • Irreplaceable Location on Wells Street in the Heart of Old Town

  • Rare Prime Neighborhood Redevelopment or Repositioning Opportunity

  • Favorable Existing Zoning (B3-5/RM-5) and TOD Designation

  • 19,459 Square Feet of Land on Multiple Parcels

  • Frontage on Both Wells Street and Wieland Street

  • Short Walk to CTA’s Sedgwick Brown/Purple Lines

  • Heavy Daytime and Nighttime Traffic