1800 South Union Avenue, Chicago, IL, 60616

1800 South Union Avenue Chicago, IL 60616

1800 South Union Avenue, Chicago, IL, 60616
1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616 1800 South Union Avenue, Chicago, IL, 60616
FOR SALE
Property Type:
Schools/Education
Amount:
$1,980,000
Last Verified:
Oct 31, 2024

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Highlights

  • On-site parking
  • High ceilings on all levels
  • Interstate expressway exposure
  • Potential for signage opportunities
  • Close proximity to the University of Illinois Chicago (UIC) and the Chicago Business District
  • Walking distance to CTA and Metra stations

Description

Available for the first time in generations, this property includes a former school, church, and parking lot. The school boasts three floors of classrooms and a kitchen on the lower level. The former church is a stunning, turn-key opportunity featuring soaring ceilings with abundant natural light, a lower level with high ceilings, multiple exits, and a large stage perfect for events.

Prime location featuring over 240 feet of visibility along the I-90/94 Dan Ryan Expressway, with easy access to I-90/94, I-55, and I-290. Situated at the well-lit intersection of 18th Street and Union Avenue, this property is within walking distance of the CTA Orange Line and Metra stations. Its close proximity to the Chicago Business District and the University of Illinois Chicago Campus enhances its appeal as a prime investment opportunity. Additionally, the property falls within the Transit Oriented Development boundaries, further increasing its value and potential.

Building Size: 40623sq ft
Lot Size: 0.68 acres


Documents

1800 S Union | Former Church | School | Parking Sales Offering

Map of 1800 South Union Avenue, Chicago, IL, 60616

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.