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.
Details
MLS #
12523103
Listing Type
For Sale
Style
Industrial
Sub-Type
Resale
Status
Active
Year
1915
Days On Site
317
Listing Provided By
Strauss Realty Ltd | Adam Schneiderman
Features
SQ Feet
274,550
Story(s)
6
Zoning
PMD
Acreage
1.72
Interior
Cooling
Office Only
Utilities
Electric
Other
Taxes
Tax Year
2023
Tax Annual Amount
135161
Area Information
State
IL
County
Cook
City
Chicago
Zip Code
60612
Area
CHI West Town
Sourced by Back At You
MLS Number: 12523103
Adam Schneiderman – adam@straussrealty.com
Strauss Realty Ltd – (773) 736-3600
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