Sterling Bay buying ADM wheat mill in Fulton Market, eyes adding Metra station

Sterling Bay has a $25 million deal to buy an Archer Daniels Midland wheat mill in the Fulton Market district, and hopes to replace it with a project that would include the neighborhood’s first Metra station.

The busy Chicago developer has a contract to buy the 2.2-acre property at 1300 W. Carroll Ave., pending due diligence, ADM spokeswoman Jackie Anderson said in an email. She did not confirm the sale price, which sources said is about $25 million.

The Archer Daniels Midland’s wheat mill in Chicago’s Fulton Market district, shown in 2017, sits on 2 acres in the fast-changing neighborhood. Developer Sterling Bay has a contract to buy the property. (Phil Velasquez/Chicago Tribune)