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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 14,000,000

Est. payment | -/mo

274,550 SqFt

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$ 14,000,000

Est. payment | -/mo

Save

274,550 SqFt

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 274,550 sqft

Price per Sqft $50

MLS Listing ID 12523103

Year Built 1915

Annual Tax Amount $135,161

Tax Year 2023

Lot Dimensions 299x250x318x251

Property Sub-Type Industrial

Property Description

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.

Location

State IL

County Cook

Area Chi - West Town

Zoning PMD

Interior

Cooling Office Only

Fireplace N

Building

Dwelling Type Industrial

Listed by Adam Schneiderman of Strauss Realty Ltd

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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401 N Western AVE Chicago, IL 60612