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.
Details
MLS #
12785615
Listing Type
For Sale
Style
Retail/stores
Sub-Type
Resale
Status
Active
Year
1945
Days On Site
1
Listing Provided By
Sperry Van Ness | Wayne Caplan
Features
SQ Feet
8,200
Story(s)
2
Zoning
MULTI
Interior
Cooling
Central Air
Utilities
Electric
Service - 201 to 600 Amps
Taxes
Tax Year
2025
Tax Annual Amount
119529
Area Information
State
IL
County
Cook
City
Chicago
Zip Code
60654
Area
CHI Near North Side
Listing VS Median (in 60654)
Price: $2,500,000
low | high
Med: $350,000
100% of Average
sqft: 8,200
low | high
Med: 881
100% of Average
$ / sqft: $305
low | high
Med: $413
14.601969057665% of Average
On site: 1
low | high
Med: 63
2% of Average
Sourced by Back At You
Market Activity 60654
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 2
Avg $ Per SqFt: $396.34
Min Sale Price: $362,000
Max Sale Price: $650,000
Med Sale Price: $506,000
Date: Aug 2026
Sales: 13
Avg $ Per SqFt: $381.95
Min Sale Price: $21,000
Max Sale Price: $620,500
Med Sale Price: $325,000
Date: Jul 2026
Sales: 34
Avg $ Per SqFt: $415.93
Min Sale Price: $260,000
Max Sale Price: $1,850,000
Med Sale Price: $447,000
Date: Jun 2026
Sales: 45
Avg $ Per SqFt: $426.88
Min Sale Price: $288,000
Max Sale Price: $4,500,000
Med Sale Price: $479,000
Date: May 2026
Sales: 45
Avg $ Per SqFt: $398.61
Min Sale Price: $19,000
Max Sale Price: $2,550,000
Med Sale Price: $400,000
Date: Apr 2026
Sales: 63
Avg $ Per SqFt: $421.9
Min Sale Price: $45,000
Max Sale Price: $2,600,000
Med Sale Price: $475,000
Date: Mar 2026
Sales: 52
Avg $ Per SqFt: $425.01
Min Sale Price: $15,000
Max Sale Price: $1,755,000
Med Sale Price: $462,500
Date: Feb 2026
Sales: 46
Avg $ Per SqFt: $405.62
Min Sale Price: $215,500
Max Sale Price: $1,675,000
Med Sale Price: $432,500
Date: Jan 2026
Sales: 41
Avg $ Per SqFt: $455.35
Min Sale Price: $185,000
Max Sale Price: $8,000,000
Med Sale Price: $487,000
Date: Dec 2025
Sales: 21
Avg $ Per SqFt: $449.77
Min Sale Price: $15,000
Max Sale Price: $3,700,000
Med Sale Price: $299,000
Date: Nov 2025
Sales: 29
Avg $ Per SqFt: $410.07
Min Sale Price: $245,000
Max Sale Price: $2,250,000
Med Sale Price: $430,000
Date: Oct 2025
Sales: 37
Avg $ Per SqFt: $411.09
Min Sale Price: $15,000
Max Sale Price: $3,200,000
Med Sale Price: $435,000
Sourced by Back At You
Sep 2026
Sales:
2
Avg $ Per SqFt:
$396.34
Min Sale Price:
$362,000
Max Sale Price:
$650,000
Med Sale Price:
$506,000
Aug 2026
Sales:
13
Avg $ Per SqFt:
$381.95
Min Sale Price:
$21,000
Max Sale Price:
$620,500
Med Sale Price:
$325,000
Jul 2026
Sales:
34
Avg $ Per SqFt:
$415.93
Min Sale Price:
$260,000
Max Sale Price:
$1,850,000
Med Sale Price:
$447,000
Jun 2026
Sales:
45
Avg $ Per SqFt:
$426.88
Min Sale Price:
$288,000
Max Sale Price:
$4,500,000
Med Sale Price:
$479,000
May 2026
Sales:
45
Avg $ Per SqFt:
$398.61
Min Sale Price:
$19,000
Max Sale Price:
$2,550,000
Med Sale Price:
$400,000
Apr 2026
Sales:
63
Avg $ Per SqFt:
$421.9
Min Sale Price:
$45,000
Max Sale Price:
$2,600,000
Med Sale Price:
$475,000
Mar 2026
Sales:
52
Avg $ Per SqFt:
$425.01
Min Sale Price:
$15,000
Max Sale Price:
$1,755,000
Med Sale Price:
$462,500
Feb 2026
Sales:
46
Avg $ Per SqFt:
$405.62
Min Sale Price:
$215,500
Max Sale Price:
$1,675,000
Med Sale Price:
$432,500
Jan 2026
Sales:
41
Avg $ Per SqFt:
$455.35
Min Sale Price:
$185,000
Max Sale Price:
$8,000,000
Med Sale Price:
$487,000
Dec 2025
Sales:
21
Avg $ Per SqFt:
$449.77
Min Sale Price:
$15,000
Max Sale Price:
$3,700,000
Med Sale Price:
$299,000
Nov 2025
Sales:
29
Avg $ Per SqFt:
$410.07
Min Sale Price:
$245,000
Max Sale Price:
$2,250,000
Med Sale Price:
$430,000
Oct 2025
Sales:
37
Avg $ Per SqFt:
$411.09
Min Sale Price:
$15,000
Max Sale Price:
$3,200,000
Med Sale Price:
$435,000
MLS Number: 12785615
Wayne Caplan – (312) 529-5791
Sperry Van Ness – (312) 676-1866 – angela.corvo@svn.com
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The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.
MLS Number: 12785615
Wayne Caplan – (312) 529-5791
Sperry Van Ness – (312) 676-1866 – angela.corvo@svn.com
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