Chicago, IL 60612 401 N Western Avenue
$14,000,000



9 more









Presented By: Strauss Realty Ltd
Home Details
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.
Presented By: Strauss Realty Ltd
General for 401 N Western Avenue
Additional Parcels Y/NNo
CityChicago
CoolingOffice Only
CountyCook
DirectionsCorner of Western Ave and Hubbard.
ElectricOther
Gross Income
Leasable Area151800
Lease TypeModified Gross
Lot Size Square Feet78523
MLS AreaCHI - West Town
Net Operating Income
Operating Expense0
Possible UseIndustrial, Office
Property TypeCommercial Sale
Property TypeIndustrial
Standard StatusActive
StatusActive
Stories Count6
Tax Annual Amount135161
Tax Year2023
Tenant PaysElectricity, Heat, Operating Stops, Tax Stops
Year Built1915
ZoningPMD
Exterior for 401 N Western Avenue
Building Area Total274550
Lot Dimensions299x250x318x251
Lot Size Acres0
Additional Details
Price History

SQFT • 274,550