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219 W Erie Street Chicago, IL 60654

$2,500,000
Active / MLS# 12785615 / Commercial - Retail / Chicago
0 Beds
8200 SqFt

Positioned in the heart of River North, 219 W Erie Street offers a 7,500 SF land site with existing DX-5 zoning, allowing for an approximately 37,500 SF development without any zoning relief. Erie Street frontage and two adjoining alleys create three open sides, offering flexibility for building access, light, and air in a future design. The walkable location near dining, retail, employment, and transit supports potential multifamily or hospitality development with street-level retail, subject to a buyer's design and zoning review. The approximately 8,200 SF existing building is the current long- time home of Kozy Bike Shop and was once the home of Walter Payton's America's Bar. It features a bow-truss roof and skylights that could anchor a distinctive restaurant, retail, gallery, or other adaptive reuse concept. The property sits in a Transit Oriented Development (TOD zone, allowing for substantially decreased or eliminated parking requirements for new residential development. The DX-5 zoning also has a low Minimum Lot Area (MLA) of land required per unit of only 200 SF, which provides for substantial development flexibility.

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Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email

Property Details

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.17 Acres
Stories: 2.0
Year Built: 1945

Feature Descriptions

Current Use: Commercial
Electric: Service - 201 to 600 Amps
Fire Protection: Other
HVAC: Forced Air, Gas
Lot Dimensions: 75X100
Parcel#: 17092230140000

Location

See details and scored characteristics about this location.

Listing Office: Sperry Van Ness

Listing Office Phone: 312-676-1866



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