6705-6857 S. WENTWORTH AVENUE
As an important part of this offering, the City of Chicago is including an opportunity to acquire and develop an additional 212,670 square foot (4.9 acre) vacant parcel that is located at 6705-6857 S. Wentworth Avenue, in the Englewood neighborhood. This property can be sold as a package, to the Purchaser of the Throop site(s), or individually to another Purchaser.
This parcel is surrounded by residential and commercial uses and offers tremendous visibility and direct access to the I-94 expressway, just south of the I-90 split. The City’s future 2FM headquarters and fleet operations facility, as described in this offering, will be built directly west of the site and will provide tremendous opportunities for businesses or services that align well with the new facility.
It is the City’s intent that the selected buyer of the Wentworth site will construct a commercial/retail development, but will consider mixed-use developments as well.
Below is site specific information on 6705-6857 S. Wentworth Avenue, as well.
Site Addresses & Pins
6705 S. Wentworth Avenue: PIN: 20-21-402-036-0000
6857 S. Wentworth Avenue: PIN: 20-21-407-027-0000
6th Ward, Alderman Roderick Sawyer
The subject property is currently zoned Residential (Institutional) Planned Development #68. The City seeks commercial uses to be developed on this site, and would consider appropriate zoning changes as necessary.
Approximately 212,670 square feet / 4.9 acres
The City seeks to find a developer or development team experienced in the development of retail/commercial properties, with the knowledge and resources to successfully finance and develop a retail/commercial development in an urban area.
The successful buyer will be required to negotiate conditions related to: timing of the conveyance of the property, as related to the financing and permitting, for one or more phases of future redevelopment. The successful buyer must have 80% of financing and permits in hand prior to conveyance of the property. The sale of this site will require approval by the City of Chicago and City Colleges of Chicago. The current environmental condition of the subject property is unknown. The future development must adhere to all applicable City laws and requirements.