Loft Flex Industrial
For Lease
$22 SF/Yr
2145 W Grand Avenue, Chicago, IL 60612
64,000 SF redeveloped flex industrial building serving downtown Chicago.
Space SizeContact for details
Days on Market832
Property Features for 2145 W Grand Avenue
General Information
Standard status
Active
Site & Location
Neighborhood
West Town
Building Details
Year Built
1931
Listing Agency:
D4 REALTY INC
Listed By:
DAVID SCHRAUFNAGEL
(773) 430-6406
Source:
Corcoran
Added: Jul 15, 2024
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 D4 REALTY INC
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Investment Insights
Based on property information with market context.
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. Rents range from $21.50 to $23.50 Net with $4.75 per square foot in pass-thrus.
Key Highlights
- 64,000 SF heavy timber loft flex industrial building suitable for innovative companies.
- Fully redeveloped and improved.
- Strong C3‑2 zoning designation accommodates a wide range of uses.
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,894
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Lease Benchmarks for Chicago, IL
$18.71 /SF/Yr
Avg Asking Price
$8–$33 /SF/Yr
Price Range
16,619 SF
Avg Space Size
This space is priced 18% above the average of $18.71 /SF/Yr.
Vacancy Rate% for Industrial in Chicago, IL
Similar Off Market Nearby
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- Neal's Gourmet Catering — 324 N Leavitt St, Chicago, IL 60612
- Mac Dynamite — 324 N Leavitt St, Chicago, IL 60612
Frequently Asked Questions
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 Avenue 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 suitable for innovative companies.; Fully redeveloped and improved.; Strong C3‑2 zoning designation accommodates a wide range of uses.
