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401 N Western Avenue Chicago, IL 60612

$14,000,000
Active / MLS# 12523103 / Commercial - Industrial / Chicago
0 Beds
274550 SqFt

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 six stories with approximately 14,360 SF floor plates along W. Hubbard Street, while the West Building delivers maximum prominence with 300 feet of frontage on N. Western Avenue and 250 feet of southern frontage along the elevated rail line, featuring floor plates around 32,500 SF. Located within Enterprise Zone 4, the Kinzie Industrial TIF District, and eligible for Chicago PACE financing, the site benefits from powerful redevelopment incentives and zoning that supports a wide range of industrial, office, and flex uses.

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Property Details

Property Type: Commercial - Industrial
Cooling: Office Only
Lot Size: 1.80 Acres
Stories: 6.0
Year Built: 1915

Feature Descriptions

Electric: Other
Fire Protection: Other
HVAC: Ceiling Units, Forced Air, Gas
Location: Industrial Area/Campus, Industrial Park, Free Standing/Urban, Enterprise Zone, TIF Zone, In City Limits, High Traffic Area
Lot Dimensions: 299x250x318x251
Parcel#: 17071320010000
Parking: Private Lot, Parking On-Site
Potential Use: Industrial, Office
Tenant Pays: Electricity, Heat, Operating Stops, Tax Stops

Location

See details and scored characteristics about this location.

Listing Office: Strauss Realty Ltd

Listing Office Phone: 773-736-3600



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