Active · For Sale · Industrial

401 N Western Avenue, Chicago, IL 60612

MLS #12523103

401 N Western Avenue, Chicago, IL 60612
401 N Western Avenue, Chicago, IL 60612CRER
401 N Western Avenue, Chicago, IL 60612

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401 N Western Avenue, Chicago, IL 60612

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The property

Executive summary

FOR SALE OR LEASE - The West Hub @ 401-435 N. Western Ave, the largest redevelopment opportunity west of Ogden! This expansive 274,550 SF concrete and timber loft complex spans 1.803 acres with an additional 0.3-acre surface lot and consists of TWO interconnected buildings featuring rich industrial character, flexible layouts, and significant infrastructure. The property offers 7,000 SF to 151,800 SF available for lease, including a first-floor 18,295 SF warehouse and 10,470 SF office offered as-is at $8 PSF MG, with floors 2 through 6 available as-is at $5 PSF MG. Generous building features include a large courtyard parking area, fourteen exterior truck-level docks, heavy floor loads up to 200 lbs per SF, 10'-14' ceiling heights, three freight elevators, one passenger elevator, and full sprinkler coverage throughout. Ideally located in the rapidly expanding Kinzie Corridor just outside Chicago's CBD, the property provides direct access to the Western Metra Station and five major bus routes, along with exceptional visibility-34,400 vehicles per day on Western Ave, 18,400 on Grand Ave, and exposure to approximately 89,500 daily Metra commuters. The East Building offers…

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Financial Snapshot

Annual Taxes
$135,161 (2023)

Property Details

Building Size
274,550 SF
Lot Size
78,523 SF
Lot Acreage
0
Lot Dimensions
299x250x318x251
Stories
6
Year Built
1915
Building Age
Older
Zoning
PMD
Parcel Number
17071320010000

Operations & Utilities

Heating
Ceiling Units, Forced Air, Gas
Cooling
Office Only
Tenant Pays
Electricity, Heat, Operating Stops, Tax Stops
Electric
Other

Location & Use

County
Cook
Market Area
Chicago - West Town
Potential Use
Industrial, Office
Location
Industrial Area/Campus, Industrial Park, Free Standing/Urban, Enterprise Zone, TIF Zone, In City Limits, High Traffic Area

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.