401 N Western Avenue
Chicago, IL 60612

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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.

Features

• Property Type: Commercial
• Sub Type: Industrial
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60612
• Year Built: 1915
• Sq.Ft.: 274,550 sq ft
• Stories: 6
• Zoning: PMD
• # Of Drive In Doors: 2
• # Of TL Docks: 14
• Approximate Age: Older
• Building Area Total: 274550
• Built Before 1978 (Y/N): Yes
• Ceiling Hgt Max Ft: 13
• Ceiling Hgt Min Ft: 10
• Cooling: Office Only
• Directions: Corner of Western Ave and Hubbard.
• Extra Storage Spaces Available (Y/N): Yes
• Geographic Locale: Chicago West
• Heat/Ventilation: Ceiling Units, Forced Air, Gas
• Information: List Broker Must Accompany, Short Notice OK, Show-Call Listing Office
• Leasable Area: 151800
• Location: Industrial Area/Campus, Industrial Park, Free Standing/Urban, Enterprise Zone, TIF Zone, In City Limits, High Traffic Area
• Lot Size Square Feet: 78523
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 7000
• Original Rental Price: 5
• Outdoor Parking: Private Lot, Parking On-Site
• Property Offered: For Sale or Rent
• Rental Price: 5
• Tax Annual Amount: 135161
• Tax Year: 2023
• Tenant Pays: Electricity, Heat, Operating Stops, Tax Stops