LOGAN SQUARE — A longstanding indoor flea market in Logan Square has been listed on a real estate development website, prompting speculation from residents about what the 130,000-square-foot building will eventually become.
The Discount Megamall, 2500 N. Milwaukee Ave., is being eyed by potential buyers but none, so far, have proposed a use for the centrally located structure, according to Ald. Scott Waguespack (32nd). The asking price for the structure is not listed.
“I’ve indicated to all potential buyers that a grocery store that can handle the narrow site is what we would push for on the site. It’s hard to tell who will get the contract,” Waguespack said, echoing many resident complaints that the bustling neighborhood is lacking a conveniently located grocery store.
The building is located within two blocks of a slew of future and recent bar and restaurant developments in the neighborhood, including the new Emporium Logan Square, Mindy Segal’s upcoming bakery, established neighborhood bars such as The Rocking Horse and aging developments like the Milshire Hotel.
The listing on TerracoRealEstate.com provides a demographic summary of the area around Megamall from a 1 to 3 mile radius.
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