New Listing
219 W Erie Street,Chicago, IL 60654
Chicago, IL 60654
Description
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.
Details
| MLS # | 12785615 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 1 |
| Listing Provided By | Sperry Van Ness | Wayne Caplan |
Features
| SQ Feet | 8,200 |
|---|---|
| Story(s) | 2 |
| Zoning | MULTI |
Interior
| Cooling | Central Air |
|---|
Utilities
| Electric | Service - 201 to 600 Amps |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 119529 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60654 |
| Area | CHI Near North Side |
| Listing VS Median (in 60654) | |
Price: $2,500,000 low | high Med: $350,000 sqft: 8,200 low | high Med: 881 $ / sqft: $305 low | high Med: $413 On site: 1 low | high Med: 63 | |
Market Activity 60654
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60654 |
| Area | CHI Near North Side |
| Listing VS Median (in 60654) | |
Price: $2,500,000 low | high Med: $350,000 sqft: 8,200 low | high Med: 881 $ / sqft: $305 low | high Med: $413 On site: 1 low | high Med: 63 | |
