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$2,250,000
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Property Description
FOR SALE OR REDEVELOPMENT- A rare opportunity to acquire one of the few remaining industrial/flex properties in Clybourn Corridor. Situated at the intersection of the affluent residential neighborhoods of Lincoln Park, Bucktown, and Wicker Park, this property offers exceptional potential for investment or redevelopment. Located next to Arhaus on Cortland, with 18,600 vehicles passing by daily. Originally constructed in 1903 as horse stables, the building retains its historic character with 12' clear exposed wood ceilings. The flexible layout includes warehouse/assembly space, three drive-in doors, and over 3,000 square feet of office and lab/shop space across two floors. The second floor is fully climate-controlled with HVAC. 10 parking spaces. Ideally located near major retail corridors and transportation options-including I-90, multiple CTA lines, and The 606 Trail-this property is perfectly suited for adaptive reuse as office, retail, showroom, or creative space. Two new major developments-Willow Street District and the future Lincoln Yards-are planned immediately nearby, further enhancing the area's growth trajectory.
Full Property Details
Full Property Details for 1229 W Cortland St
General
- Price: $2,250,000
- Taxes: $57,995 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12346217
- Updated: 4/29/2025
- Added to Site: 269 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: Located on Cortland, off of Clybourn Avenue, next to Arhaus Furniture
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning, Office Only
- Heating Type: Central Building Heat
Structural Information
- Drive-In Doors: 3
- Stories/Levels: 2
- Square Feet: 15,600
- Year Built: 1935
- Built Before 1978: Yes
- Property Condition: New Construction
Lot Features
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,832
- Lot Dimensions: 152 x 92 x 87 x 65
- Zoning: INDUS
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1935
- Tax Amount: $57,995
- Tax Year: 2023
Disclosures and Reports
- Property ID: 14323040020000
Listed by Strauss Realty Ltd
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Schools
Schools serving 1229 W Cortland St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mayer Elementary School 2250 North Clifton Avenue, Chicago, IL 60614 | PK-8 | 0.4 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1229 W Cortland St
Date
Details
Price
Change
Source
4/23/2025
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1229 W Cortland St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$57,995
3%
$274,050
—
2022
$56,367
2%
$274,050
—
2021
$55,109
24%
$274,050
37%
2020
$44,566
11%
$200,054
—
2019
$40,193
2%
$200,054
—
2018
$39,517
-1%
$200,054
8%
2017
$39,727
7%
$184,544
—
2016
$36,962
9%
$184,544
—
2015
$33,817
—
$184,544
1%
2014
$33,806
2%
$182,207
—
2013
$33,139
1%
$182,207
—
2012
$32,696
—
$182,207
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1229 W Cortland St
1229 W Cortland Street, Chicago, IL 60614 (MLS# 12346217) is a Commercial property. 1229 W Cortland Street is currently listed for $2,250,000 and was received on April 23, 2025. Want to learn more about 1229 W Cortland Street? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.

