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Opportunity Zone Development Site
37,565 Sf Parcel
Extra Deep Lot on Roosevelt Road Near Kedzie Ave
|NRC Realty & Capital Advisors, LLC in conjunction with Theodore S. Prillaman of Equinow LLC are pleased to jointly offer the opportunity for investors, developers, or end-users to tender offers on this 37,565 sf extra deep lot with substantial frontage on Roosevelt Road the historic Lawndale neighborhood, directly west of downtown in Chicago’s path of progress. An assemblage with the 12,235 sf stoplight corner may be possible. Ownership, a real estate development firm, is calling for offers for a sale, build-to-suit, joint-venture, or other arrangement. Potential uses includes residential, office, retail, medical, school, and more.|
The property resides in a Qualified Opportunity Zone and Illinois and Chicago Enterprise Zones. Details on these potential tax incentives are below.
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|Lot Size (Approximate)||37,568 sf|
|Cross Streets||Roosevelt Rd & S St. Louis Ave (between Central Park Ave & S Homan Ave.)|
|The property is located just 10 minutes by car from downtown Chicago and 5 minutes from the Illinois Medical District. It is conveniently located less than a mile south 290 Expressway, with a CTA bus stop immediately in front of the property and the CTA Blue Line Kedzie-Homan Station just 15 minutes away on foot. Nearby walkable development includes a Walgreens, McDonalds, Taco Bell, Popeyes Louisiana Kitchen, Subway, O’Reilly Auto Parts, and a Leamington Foods grocery store.|
The property is also directly across the street from Homan Square, which was born out of millions of square feet of the Sears, Roebuck and Company headquarters. The area has since been redeveloped into a newly opened 181-unit loft apartment building, fully-leased multi-tenant office tower, charter school, and YMCA. Surrounding development also includes over 1000 units of new housing, nearby shopping, and parks.
David Levy, NRC Realty & Capital Advisors: 312-278-6870 or [email protected]
Theodore "Ted" Prillaman, Equinow LLC: 312-213-6601 or [email protected]
Broker Co-Op: Call for information
|Although information has been obtained from sources deemed reliable, NRC Realty & Capital Advisors, LLC, Equinow LLC, the Seller, and/or its representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Properties without expressed or implied warranty of any kind. Lot and building sizes are approximate. Properties may be withdrawn at any time without notice.|