THREATENED: Moody Bible Institute Buildings For Sale

Moody Bible Institute Owned Building For Sale at Walton and Franklin. Photo Credit: Google Maps

Moody Bible Institute Owned Western News Company Garage Building For Sale at 312 W. Walton Street. Photo Credit: Google Maps

“In a rare offering of urban land that could be redeveloped with more than 5 million square feet of buildings, Moody Bible Institute is looking to unload a large portion of its downtown campus.

“The evangelical Christian school, whose property spans a series of blocks between LaSalle Street and the CTA tracks north of Chicago Avenue, has hired investment sales firm HFF to sell a handful of “non-core” large properties it owns next to its main campus to help fund the school’s new strategic growth plan.

“HFF is playing up all sorts of potential uses for the available land, which today includes surface parking lots, several low-slung buildings and a large vacant lot next to Walter Payton College Prep.” (Ecker, Crain’s)

The few remaining attractive functional historic loft warehouse buildings located near Walton and Franklin within the extensive 10-acre site should be protected and preserved as part of any redevelopment of the site. Preservation Chicago encourages the Moody Bible Institute, 27th Ward Alderman Walter Burnett, and City of Chicago to make this a requirement upfront so that potential buyers will accommodate this in their plans from the outset.

Read the full article at Crain’s Chicago Business

10 acres of prime downtown land for sale; Moody Bible Institute is looking to cash out on 10 acres of Near North Side land ripe for redevelopment as the central business district expands. Danny Ecker, Crain’s Chicago Business, 7/31/19

Moody Bible Institute puts 10 acres of prime Near North Side land up for sale; The downtown parcel could support up to 5.3 million square feet of new development, Jay Koziarz, Curbed Chicago, 7/31/19

Moody Bible Institute Site Brokerage Listing

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