527 S Wells has well zoned development opportunity is located just steps from downtown Chicago’s Central Business District, offering unmatched visibility and convenience. The site spans a full city block and is zoned DX-12, providing a rare chance for a significant project without the need for planned development processes or zoning variances.
With the potential to accommodate a clean 349-unit multifamily development, this location is perfectly positioned to serve the needs of the area’s growing population. Its proximity to a massive student demographic further enhances its appeal, ensuring strong demand for modern, well-designed living spaces in the heart of the city.
Seize this exceptional opportunity to bring your vision to life in one of Chicago’s most vibrant and accessible neighborhoods.
KEY HIGHLIGHTS:
Located directly off of 1-290 and 1-90, on
the corner of Ida B. Wells Dr. and S. Wells St.
Convenient access to public transportation
Neighboring the Chicago Board of Trade
Property Description: Eight-story timber loft building and adjacent parking lots
Building Size: +/- 34,592 SF Above Grade
Land Area: +/-28,870 SF
Current Zoning: DX-12