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Land For Sale • 0.43 AC
The Palace Grill presents a rare opportunity to acquire a corner property encompassing approximately 18,753 SF of land at the prominent intersection of Madison Avenue and Loomis Street. Offered as-is with existing C2-3 zoning, the site features approximately 56,259 SF of buildable area and is ideally suited for residential rental, condominium, mixed-use redevelopment, or an owner-user opportunity. Strategically positioned at the gateway to the United Center and the forthcoming $7 billion 1901 Project, the site is exceptionally well-located for long-term growth on Chicago's Near West Side.
| The Palace Grill presents a rare, never-before-available opportunity to acquire a corner property in the heart of Chicago's West Loop. |
| The asset is being offered as-is with its existing C2-3 zoning in place. |
| ±18,753 SF of land at the prominent intersection of Madison Avenue and Loomis Street. |
| Strategically positioned at the gateway to the United Center and the forthcoming 1901 Project, a transformative $7 billion private investment. |
| The property is ideally suited for residential rental, condominium, mixed-use redevelopment, or an owner-user opportunity. |
| Price is subject to offer. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Chicago Ogilvie Transportation Center (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 3 min | - | 1.2 mi |
| Chicago Union Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra), Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra), SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra)) | 4 min | - | 1.4 mi |
| Airport | Drive | Walk | Distance |
| Chicago Midway International | 20 min | - | 10.3 mi |
| Chicago O'Hare International | 50 min | - | 20.3 mi |
Scott Maesel
SVN | Chicago Commercial
Scott Maesel
SVN | Chicago Commercial
