345 N. Aberdeen_Property for Sale
345 N. Aberdeen_Property for Sale
345 North Aberdeen Street, Chicago, IL, 60607, US

345 N. Aberdeen

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), on behalf of Sterling Bay, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile development site located at 345 N. Aberdeen in Chicago, Illinois (“The Property”). Located on the northeast corner of N. Aberdeen Street and W. Carroll Avenue, 345 N. Aberdeen is positioned in the heart of Chicago’s historic Fulton Market. A former meatpacking district, Fulton Market offers an ideal live-work-play lifestyle surrounded by state-of-the-art offices, renowned restaurants, entertainment, and Fortune 500 headquarters. 345 N. Aberdeen is a 48,383 square foot land site which is currently improved with a +/- 17,553 square foot industrial building and zoned M2-3 (light industry district). The Property benefits from residing in the Downtown Expansion Area, allowing for higher-density mixed-use development. 345 N. Aberdeen’s strategic location within Fulton Market, home to McDonald’s world HQ and Google’s Midwest HQ, is positioned to capitalize on the neighborhoods continued rapid growth making it a premier high-density development opportunity. Sterling Bay is actively pursuing entitlements that would allow for max-density DX-7 (11.5 FAR) zoning with a residential buildable area of 556,404 SF (approximately 559 units). It is expected that the entitlements will be secured on or before the closing date.

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Attributes

Land area gross
48,383.00 sf
Building area net
17,553 sf

Media

Investment Highlights

  • Centrally Located in Amenity-Rich Chicago's Historic Fulton Market


  • Educated & Affluent Demographics


  • Multi-Housing Demand Exceeds Supply, Supporting Outsized Rent Growth


  • Surrounded by Major Employers & Fortune 500 Headquarters


  • Corporate Growth and Relocations Solidify Fulton Market as the Premier Office Market


  • Strong Connectivity with Morgan Street Station, Grand Ave Station, and Metra Train Locations All Walkable
345 N. Aberdeen 4_Property for Sale
345 N. Aberdeen 4_Property for Sale

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345 N. Aberdeen (0 Properties)

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Last updated
4 Mar 2024