401 N Western Ave

Chicago, IL 60612
  • $14,000,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 274,550

    SqFt

About the Listing 15401 - 883788,110987

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.

Listing Highlights

Status Active
Days on Site 37
Property Type Commercial Sale
MLS ® 12523103
Year Built 1915
Total Square Footage 274,550
Lot/Acreage 1.8

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond: Office Only
  • Heating: Ceiling Units,Forced Air,Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 299x250x318x251
  • Zoning: PMD
  • Roof:
  • Others:
  • Sewer:
  • Parking Features: Private Lot,Parking On-Site

Financial Details

  • Tax Amount: $135,161
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 17071320010000
  • Tax Year: 2023

Payment Calculator

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401 N Western Ave Chicago, IL 60612

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Originating MLS: mred

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