DarwinPW Brokers Sale of Infill Site for Mixed-Use Development
DarwinPW Realty/CORFAC International recently brokered the sale of 2224 W. Grand Avenue in Chicago, a 9,600-square-foot building on a 0.29-acre site, to an undisclosed residential developer.
The property is home to Rainbow Art, Inc. and is zoned for a mixed-use development. DarwinPW’s Associates Marc Hale and Ali Nix brokered the transaction. “This property was originally on the market for more than eight months before DarwinPW Realty took over the listing,” said Hale.“We were able to quickly secure multiple offers, creating a competitive environment, ultimately leading to a sale with a qualified buyer who closed without contingencies, allowing for an expedited transaction.”
The property is located in the West Town neighborhood and is ideal for mixed-use development. It offers convenient access to the Western Avenue Metra Station and is within walking distance of the Damen Avenue Green Line station. The existing building features 12-to-16-foot clear heights, one drive-in door, and a two-story office.
