DarwinPW Realty/CORFAC International successfully facilitated the sale of 2224 W. Grand Avenue in Chicago, a 9,600-square-foot building situated on a 0.29-acre lot to an undisclosed residential developer.
The property currently houses Rainbow Art, Inc. and is zoned for mixed-use development. The transaction was brokered by DarwinPW’s Associates Marc Hale and Ali Nix who were able to secure multiple offers within a short period of time due to their expertise in the market.
According to Hale, “This property had been on the market for over eight months before we took over the listing at DarwinPW Realty.” However, with their strategic approach and strong network in the industry, they were able to create a competitive environment resulting in a successful sale with no contingencies.
Located in West Town neighborhood of Chicago,the site is well-suited for mixed-use development given its prime location near Western Avenue Metra Station and walking distance from Damen Avenue Green Line station.The existing building boasts features such as clear heights ranging from 12-16 feet,a drive-in door,and two-story office space making it an ideal choice for potential developers looking into this area.
In summary,DarwinPW has played an instrumental rolein brokering this infill site deal that holds immense potentialfor future growth through mixed-use development opportunities.This achievement further solidifies our reputation as one ofthe leading real estate firmsinChicagoand showcases our commitment towards delivering exceptional resultsforour clients.We look forwardto continuingthis momentumand contributingtowards shapinga thrivingreal estatemarketthroughoutthecityofChicago.
