Lincoln Square Development Site

5130-42 N. Western Ave. Chicago, IL 60625

5130-42 N. Western Ave., Chicago, IL, 60625
5130-42 N. Western Ave., Chicago, IL, 60625 5130-42 N. Western Ave., Chicago, IL, 60625
FOR SALE
Property Type:
Other Land
Amount:
$2,700,000
Last Verified:
Dec 06, 2024

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Highlights

  • • TOD Eligible
  • • NEW ZONING! B3-3
  • • Near Brown Line
  • • Easy Access to Lake Shore Drive
  • • Lincoln Square Shops
  • • Densely Populated Area

Description

Jameson Commercial Real Estate is pleased to present this highly visible development opportunity located near the corner of Western Ave and Foster in Chicago’s Lincoln Square neighborhood. The subject property consists of six contiguous lots with a 156’ facing Western Ave and 114’ deep, with building access on the west. This property enjoys easy access to Lake Michigan (Foster Beach), Lincoln Square shops and Andersonville restaurants, walking distance from Western and Lawrence Brown Line.

5132 N. Western Ave. - Lincoln Square

Lot Size: 0.41 acres


Documents

5130-42 N. Western MP_2024.pdf

Map of 5130-42 N. Western Ave., Chicago, IL, 60625

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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
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  • 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.