Cawley Commercial Real Estate has been hired as exclusive representation in the sale of a premier development site in Chicago’s South Loop neighborhood. Located at 2240 and 2302-32 S. Wabash Avenue, the sites are situated in a prime Opportunity Zone and the 24th/Michigan TIF. The portfolio consists of two independent adjacent land sites approximately one acre each, totaling 85,523 square feet providing capabilities for large scale development.
Cawley Commercial Real Estate’s Urban Development team of Frank Melchert, Zach Pruitt and Stevan Arandjelovic, are representing the owner in the sale of this opportunity.
“Location is a prime attraction for this site,” says Melchert. “It is two blocks from McCormick square, Wintrust Arena, and with its proximity to the McCormick-Cermak CTA Station is TOD eligible. It also sits within the 24th /Michigan TIF District, is centrally located to the South Loop’s four major mega developments and lies within one of the most advantageous Opportunity Zones in the city of Chicago.”
With its size, location and multiple opportunities to utilize favorable incentives, 2240 and 2303-2332 S Wabash are the premier infill sites available in the South Loop
