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 Market787
Property Features for 2145 W Grand Avenue
General Information
Standard status
Active
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
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
Property Profile
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
Market
Lease Benchmarks for Chicago, IL
$17.39 /SF/Yr
Avg Asking Price
$8–$37 /SF/Yr
Price Range
18,662 SF
Avg Space Size
This space is priced 27% above the average of $17.39 /SF/Yr.
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
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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.
