Huge price reduction!!! SVN Chicago Commercial is pleased to present The Colby Building - a historic landmark property in the middle of Chicago's Motor Row Historic District. Adjacent to Chicago's vibrant South Loop/McCormick Square area, and located within steps to the new Wintrust Arena, this approx. 18,000 SF building sits in the closest Opportunity Zone to downtown Chicago. The longtime home of Lesly Motors, the property's DS-5 zoning will allow for additional sq. footage to be added to the property. With landmark status, any re-development of the property not only is eligible for Opportunity Zone tax benefits but also has the possibility of historic tax credits. The site has potential for mixed-use, hotel/hospitality, office, or retail/restaurant uses. One of the best locations in Chicago.

Highlights

$300,000 Price Reduction

Approx. 18,000 SF land-marked building in Chicago's Motor Row Historic District

Located in one of the best Opportunity Zones in the US

Adjacent to McCormick Place, Chicago's South Loop neighborhood and other points of interest

DS-5 Zoning allows for additional sq. footage to be added to the building

Expansive, high ceilings on the 2nd floor of the property

Located adjacent to McCormick Place & the new Wintrust Arena & Chicago's vibrant South Loop neighborhood

Steps to thousands of area residents and hotel rooms

Blocks from new CTA Green Line station at Cermak, and proximate to all expressways

Many possible uses including hospitality, office, mixed-use, retail & restaurant

Opportunity for historic tax credits as part of re-development and renovation