Description

Jones Lang Lasalle Americas (Illinois), L.P. (“JLL”), as sole and exclusive agent for owner, has been retained to offer for sale to qualified investors the opportunity to acquire a prime redevelopment opportunity located at 3500 S Giles Avenue in Chicago, Illinois (“the Property”).

The Property is located near Guaranteed Rate Field, the home of the Chicago White Sox. The Property benefits from an exceptionally connected location, with the Metra, CTA Red line, and CTA Green line stations accessible within a fifteen-minute walk. Located just blocks from the lakefront, the location offers extensive park and entertainment options. It is within walking distance to a grocery store, several Divvy bike-sharing stations, schools, restaurants, and other retail on the bustling 35th street corridor.

Maximum value can be generated at this property through redeveloping the property to a multifamily, student housing, or medical / nursing facility. The site also benefits from its proximity to the proposed Burnham Lakefront, a transformative development of the Michael Reese Hospital site. 3500 S Giles Avenue is being conveyed as a vacant building that most recently was used as a children’s shelter.

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