Prime Redevelopment in Fulton Market Innovation District

Description:

Multifamily Investment Advisors at Keller Williams Commercial is pleased to exclusively represent the sale of 165 N. May Street in Chicago’s trendy Fulton Market District.

 

165 N. May Street is a raw Mixed-Use asset in the booming and increasingly popular Fulton Market district; home to Restaurant Row, and major corporate headquarters such as Google and McDonald’s. Historically a meatpacking and warehouse district, Fulton Market has evolved into a burgeoning center for offices, hospitality and residential.

 

This 4 story masonry building consists of 32,000 square feet on 14,242 square feet of prime land and includes 32 parking spaces. Redevelopment upside exists with the current C1-2 Zoning, allowing the owner to add an additional floor with the current zoning. Neighboring redevelopment projects have shown proof of concept for even larger developments rising 33 stories with PD zoning.

 

This prime investment opportunity allows an investor to acquire a mixed use asset in America’s fastest growing office submarket and build out the existing structure or pursue a larger redevelopment and join in the transformation of a city within a city; featuring multi family developments, fine dining, breweries and office space.

 

9.6 miles from Chicago Midway International Airport

17.0 miles from Chicago O'hare International Airport.


165 n. may ST. is located in a prime location in Fulton Market, within a mile of several new buildings. The property IS LOCATED WITHIN ONE mile of the West Loop's art galleries, fashionable stores, and boutique hotels. Restaurant Row, in particular, is home to a number of the neighborhood's most recognized establishments, ranging from high-end tasting menus.


Redevelopment opportunity in the Fulton Market Innovation District

32 Parking spaces next to the site

Elevator Building

The site is located within one mile of the West Loop’s Art Galleries, Fashionable Stores, and Boutique Hotels

Zoning Summary - C1-2