50 East Superior_Property for Sale
50 East Superior_Property for Sale
50 East Superior Street, Chicago, IL, 60622, US

50 East Superior

Asset Description

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.

...

Attributes

Land area gross
1,475 m²
Rentable area
10,526 m²
Number of floors
7
Zoning
DX-12 (Downtown Mixed-Use District)
Investment strategy
Opportunistic

Media

Investment Highlights

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

50 East Superior 4_Property for Sale
50 East Superior 4_Property for Sale

Contact brokers

50 East Superior (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
21 Oct 2024