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    2145 W Grand Ave Chicago, IL 60612

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    For Lease
    $22 SF/Yr

    64,000 SF redeveloped flex industrial building serving downtown Chicago.

    Property Features for 2145 W Grand Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1931

    Source: D4 REALTY INC Agent DAVID SCHRAUFNAGEL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Loft Flex Industrial Building

    The Machine Shop | North is a 64,000 square foot heavy timber loft flex industrial building. It has been fully redeveloped and improved to accommodate the needs of innovative companies serving downtown Chicago. The property has a strong zoning designation (C3-2) that can accommodate a wide range of uses. A new passenger elevator to service the 2nd floor is planned by the end of 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Machine Shop Machine Shop

    Suggested Use

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

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

    Similar Places Nearby

    Katr2U, Neal's Gourmet Catering, Entertaining Company, Mac Dynamite, Butter and Vine

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6811212
    Latitude
    41.8905202

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    FAQs

    What type of property is this?
    Flex space - 64,000 SF redeveloped flex industrial building serving downtown Chicago.
    Where is this flex space located?
    The property is located at 2145 W Grand Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - 64,000 SF heavy timber loft flex industrial building; - Fully redeveloped and improved; - Strong zoning designation (C3-2) accommodating a wide range of uses
    (773) 430-6406
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    2145 W Grand Ave Chicago, IL 60612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2145 W Grand Ave Chicago, IL 60612
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