$2,500,000

219 W Erie Street, Chicago IL, 60654

Price per sqft$304.88

Built in1945

Property size8,200 sqft

Property typeCommercial

Listed by Wayne Caplan with Sperry Van Ness 773-793-7294

Overview

Active

New

Listed Oct 15, 2026

Updated 7h ago

Positioned in the heart of River North, 219 W Erie Street offers a 7,500 SF land site with existing DX-5 zoning, allowing for an approximately 37,500 SF development without any zoning relief. Erie Street frontage and two adjoining alleys create three open sides, offering flexibility for building access, light, and air in a future design. The walkable location near dining, retail, employment, and transit supports potential multifamily or hospitality development with street-level retail, subject to a buyer's design and zoning review. The approximately 8,200 SF existing building is the current long- time home of Kozy Bike Shop and was once the home of "Walter Payton's America's Bar". It features a bow-truss roof and skylights that could anchor a distinctive restaurant, retail, gallery, or other adaptive reuse concept. The property sits in a Transit Oriented Development (TOD zone, allowing for substantially decreased or eliminated parking requirements for new residential development. The DX-5 zoning also has a low Minimum Lot Area (MLA) of land required per unit of only 200 SF, which provides for substantial development flexibility.

Additional information

MLS^® ID: 12785615

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $119,529
Tax Frequency: Annually

Listed by Wayne Caplan with Sperry Van Ness 773-793-7294

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Data is refreshed every 3 hours. Listing last updated 6:55 AM UTC on 10/16/2026.

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