Save
Ask
Tour
Hide
Share
$1,799,770
217 Days Online

3550 W Peterson Avenue
Chicago, IL 60659

For Sale|Office|Active
0
Beds
0
Full Baths
0
Partial Baths
19,000
SqFt
$95
/SqFt
1971
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Crown Heights Realty
Call Now: 312-767-7744
Is this the home for you? We can help make it yours.
312-767-7744
3550 W Peterson Avenue3550 W Peterson Avenue3550 W Peterson Avenue3550 W Peterson Avenue
Save
Ask
Tour
Hide
Share

This prime hard corner property presents a rare opportunity for developers and investors alike. The offering includes a two-story, 15,000 square foot office building on a generous 15,769 square foot lot (0.36 acres) at the intersection of Peterson and a neighboring street, as well as the adjacent 50 x 100 foot property at 3540 W. Peterson. Combined, these two properties form an expansive 207.6 x 100 foot lot, ideal for a significant new development. Currently owned by a non-profit entity with plans to redevelop, the existing office building is occupied by multiple tenants but requires extensive work. The B2-1 zoning, designated as Neighborhood Mixed-Use District, allows for retail storefronts and apartments on the ground floor, encouraging development in commercial corridors with low demand for retail. The FAR (Floor Area Ratio) of 1.2 further supports mixed-use redevelopment potential. This offering is perfect for those looking to create a large-scale project in a desirable area. The seller is seeking a buyer for both buildings together, providing a substantial footprint for a transformative new development. Don't miss this unique opportunity to shape the future of this key location.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,799,770
Days Online 
217 Days
Bedrooms 
N/A
Inside Area (SqFt) 
19,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5 Acres
Year Built 
1971
MLS® Number 
11976446
Status 
Active
Property Tax 
$49,922
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoPrice changed to $1,799,770
7 months agoListing first seen online
9 months agoListing updated with changes from the MLS®
General Features
Acres 
0.5
Additional Property Use 
CommercialOffice
Foundation 
Concrete Perimeter
Number Of Stories 
2
Property Sub Type 
Office
SqFt Total 
19000
Water Source 
Public
Zoning 
COMMR
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
Flooring 
Carpet
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
CHI - North Park
Township 
Jefferson
Listing Courtesy of MRED as distributed by MLS Grid of Crown Heights Realty



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-10-30 12:00 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share