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Industrial Building in Kinzie Corridor
For Lease
$16.50 SF/Yr

238 North Oakley Boulevard, Chicago, IL 60612

35,820 SF industrial building for sale or lease.

Space SizeContact for details
Property Size35,820 SF
Days on Market261

Property Features for 238 North Oakley Boulevard

General Information

Standard status Active
Size 35,820 SF
Property subtype Industrial
Listing Agency: CBRE | Chicago
Listed By: Matt Cowie
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 10 Last Checked: Aug 9 at 3:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago

Investment Insights

Based on property information with market context.

An industrial building offering approximately 35,820 square feet is available for sale or lease. Situated on approximately 1.08 acres in Chicago's Kinzie Corridor, the property features an existing office space of approximately 1,963 square feet. The building provides ample natural light and has a clear ceiling height ranging from 16 feet to 18 feet. It includes 2 interior docks and 2 drive-in doors. A parking lot with approximately 25 car spaces is available. The property is equipped with a new power service of 1000 amps at 480V and 600 amps at 240V. Recent updates include the office and kitchen, and a new parking lot has been completed. Exterior painting is scheduled for completion in 2025. The property is located in Chicago's Kinzie Corridor, with immediate access to public transportation and proximity to Fulton Market and Downtown Chicago. The surrounding area offers a variety of amenities.

Key Highlights

  • Excellent location in Chicago's Kinzie Corridor, minutes from Fulton Market & Downtown Chicago, with immediate access to public transportation.
  • ±35,820 SF industrial building on ±1.08 acres suitable for sale or lease.
  • New power service: 1000 amps / 480 V & 600 amps / 240 V.

Property Analytics

Current Use

envelopemall.com Marketing & Advertising Merlin Beauty (Bike/Boat/Book/etc) Store Graphics Suisse Inc Marketing & Advertising

Suggested Use

Top Pick Dental Office Auto Parts Store Storage Facility Building Supply Accounting Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,558
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$13.4 /SF/Yr
Avg Asking Price
$4.5–$25 /SF/Yr
Price Range
65,119 SF
Avg Space Size

This space is priced 23% above the average of $13.4 /SF/Yr.

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - 35,820 SF industrial building for sale or lease.
Where is this warehouse located?
The property is located at 238 North Oakley Boulevard Chicago, IL.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Excellent location in Chicago's Kinzie Corridor, minutes from Fulton Market & Downtown Chicago, with immediate access to public transportation.; ±35,820 SF industrial building on ±1.08 acres suitable for sale or lease.; New power service: 1000 amps / 480 V & 600 amps / 240 V.
More about this property
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