Gold Coast Development Site 12-16 W Maple St Local commercial 1 911 m² 100 % Loué À vendre Chicago, IL 60610

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 12-16 W Maple Street (the “Property”), an urban infill development site prominently located in Chicago’s prestigious Gold Coast neighborhood, adjacent to one of the most coveted areas in the city. The Property is adjacent to the acclaimed Maple & Ash restaurant and across the street from the iconic Gibsons Bar & Steakhouse, offering a rare opportunity to own and develop a parcel in an irreplaceable location.
The ±7,912 square foot site is currently occupied by a four-story, ±20,572 square foot mixed-use building and an adjacent parcel with a total of 75 feet of frontage along Maple Street. The Property is occupied by several tenants on short term leases expiring in 2025 with no extension options.
The site is zoned DX-7, Downtown Mixed-Use District, one of the most advantageous zoning designations in Chicago. The underlying zoning allows a wide variety of as-of-right uses including retail, residential, hospitality, and more. Additional density can be obtained either by unlocking the Neighborhood Opportunity Bonus benefits or by up-zoning the Property to DX-12 and capitalizing on applicable density bonuses.
Located 1.5-miles north of the Chicago CBD ‘Loop’, the Gold Coast neighborhood is home to dozens of acclaimed restaurants and bars, attracting Chicagoans and tourists alike. The historic neighborhood is known as one of the best in Chicago and is home to the city’s highest concentration of luxury retailers and highest grossing restaurants. The Property benefits from Gold Coast’s diversified and dense demographics and is steps from the vibrant Mariano Park, known as the “Triangle” and home to some of the city’s best restaurants and shopping, including Maple & Ash, Prada, Vuori, Hermès, On Shoes, Urban Outfitters, Gibsons, The Bellevue, and many others.