Salvation Army campus for sale

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The Salvation Army has listed its downtown campus as a potential redevelopment opportunity.

As reported by Crain’s Chicago Business the 70,000-sq.-ft. site, is currently home to the the Salvation Army’s Chicago Adult Rehabilitation Center. The property which is situated on Grand Avenue between Desplaines Street and Union Avenue.has belonged to the organization since 1931.

SVN Chicago Commercial is marketing the property, and while there is no price listed, according to Crain’s “a source familiar with the offering estimated it could fetch between $30 million and $40 million based on the potential to develop almost 570,000 square feet on the property.”

 

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