CRER is pleased to announce the sale of 2600 W 19th St in Chicago for $2,400,000, closing $100,000 above the asking price.
Sean Mason, CCIM, represented the seller and served as the sole broker involved in the transaction, delivering a premium outcome through strategic positioning and targeted buyer outreach.
A Building With 135 Years of Chicago History
Originally constructed in 1888, the property has played a unique role in Chicago’s industrial and cultural evolution.
Over the decades, it has served as:
- A vinegar distillery
- The first Army Navy surplus warehouse
- A facility associated with Bazooka Joe bubble gum
- Most recently, the long time home of a paint and glass distributor
This layered history, combined with authentic brick construction and functional industrial layout, generated strong interest from buyers who value character rich infill buildings with adaptability.
Market Insight: Infill Industrial Remains Highly Competitive
Chicago’s industrial market continues to demonstrate strength, driven by disciplined supply and steady demand. In the South Chicago submarket, vacancy sits at just 5.3 percent, below the long term average of 7.3 percent, while asking rents have increased 3.7 percent year over year. With construction limited to only 0.4 percent of existing inventory, fundamentals remain stable and balanced.
Against this backdrop, the sale of 2600 W 19th St above asking price reflects broader confidence in well located infill industrial assets. Demand for functional buildings near the urban core remains strong, owner users are competing aggressively for quality space, and Chicago’s manufacturing and trade base continues to show resilience. A 135 year old industrial building closing above list price is a clear signal that strategic positioning and disciplined execution still deliver premium results in today’s market.
CRER’s Broader Industrial Track Record
This sale adds to CRER’s active industrial presence throughout Chicago, including:
- 1700 W Hubbard Street | 27,000 sf building sold for $4,550,000
- CRER Sells 84,461 SF food production and refrigerated warehouse $5,321,04
- A successful sale in the Kinzie Industrial Corridor
CRER continues to advise investors, developers, and owner users across industrial, mixed use, and multifamily assets throughout the city.
Other Active CRER Listings:
CRER continues to represent strategic industrial and development assets throughout Chicago, including:
Looking to Buy, Sell, or Lease Industrial Real Estate in Chicago
If you are considering buying, selling, or leasing industrial real estate in the City of Chicago, having the right strategy and market insight makes all the difference. From positioning and pricing to negotiations and closing, every step directly impacts your bottom line.
If you would like guidance tailored to your specific property and long term goals, we are always available for a confidential conversation. Let’s create a plan that maximizes value and gets the job done.
Sean Mason, CCIM | SeanM@crer.com | 773 412 7582
