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526 Western Ave Chicago, IL 60612

Sponsored
For Sale
$1,800,000

Modernized 10,500 sq ft flex space in prime Chicago location.

Property size:
10,500 SF

Description

Added:
Feb 3, 2025
Days on Market:
343
This exceptional 10,500-square-foot flex building, completely renovated in 2024, presents a unique investment opportunity in Chicago's vibrant West Town neighborhood. Located on Western Avenue, this property boasts 8,220 square feet of ground-floor warehouse space, featuring a drive-in door (11'2"H x 9'W), 75 feet of street frontage, and abundant natural light. The second floor comprises approximately 2,280 square feet of adaptable space, perfect for offices or creative studios. The building's brick and heavy timber construction retains historic charm while incorporating contemporary upgrades, including a new TPO roof (2023), tuckpointing (2023), updated HVAC and distribution (2023), and cosmetic improvements to the second floor (2023). C1-2 zoning allows for significant redevelopment potential, including up to eight residential units with ground-floor commercial space. Its strategic location near the Western Metra Station qualifies it for Transit Oriented Development (TOD) incentives, enhancing its appeal. The property's proximity to downtown, major highways, and public transit ensures seamless connectivity. This versatile space is ideal for owner-users seeking a headquarters or investors looking for a high-potential redevelopment project in a thriving area. The asking price is $1,800,000.

Property Features for 526 Western Ave

General Information

Property type
Investment properties
Square Feet
10,500 SF

Building Details

Year Built
1921

Property Profile Location Intelligence

Current Use by Public Records

Rapid Circular Press ... Commercial Printer Pleasent Grove Baptist ... Baptist Church

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.68711
Latitude
41.89163

FAQs

What type of property is this?
Investment property - Modernized 10,500 sq ft flex space in prime Chicago location.
Where is this investment property located?
The property is located at 526 Western Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,800,000.
More about this property
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