450 North Morgan
440 N Morgan St, Chicago, IL, 60642-6501, US
1 273 mètres carrés
Jones Lang Lasalle Americas (Illinois), L.P. (“JLL”), on behalf of ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile development opportunity located at 50 East Superior Street in Chicago, Illinois (“The Property”).
Located on the north side of East Superior Street between North Wabash Avenue and North Rush Street, 50 East Superior Street is positioned at the confluence of Chicago's River North & Gold Coast neighborhoods. 50 East Superior is adjacent to Michigan Avenue (Magnificent Mile), which is recognized as one of the most iconic retail corridors in the country. Nestled between the Loop and the luxurious Gold Coast, River North is an ideal market for residential, hospitality, or mixed-use.
50 East Superior Street is a 15,879 square foot (Sub Area A) land site which is currently improved with a 113,300 seven story + basement vacant office building. The Property is currently zoned DX-12, Downtown Mixed-Use District. The Property benefits from residing in the Downtown Zoning Area, allowing for higher density mixed-use development. 50 East Superior can achieve a 16.0 FAR and control of 72,212 SF of air rights from Sub Area B (Giordano's Property) protecting eastern view corridors. 50 East Superior Street’s strategic location in the heart of Chicago positions it to capitalize on the city’s continued growth, making it a premier high density development opportunity.
As-of-Right Residential Development
Prime River North / Gold Coast Location
Steps from the Magnificent Mile
Exceptional Accessibility
Walk Score: 100 | Transit Score: 90
Sought-After Demographics
Affluent & Educated
Easy Commute to Chicago’s Largest Employers
Chicago Multi-Housing Outperforms National Averages