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    Expansive West Hub Redevelopment Opportunity Title is generated by Realmo AI

    401 N Western Avenue, Chicago, IL 60612

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    Claim this Listing
    For Sale
    $14,000,000

    274,550 SF complex in Kinzie Corridor for sale/lease.

    Type:Commercial
    Property size:
    274,550 SF
    Lot size:
    2.10 Acres
    Price / SF:
    $50/SF
    Added:
    Nov 24, 2025
    Days on Market:
    198
    Last Refresh:
    Apr 5 at 8:17 pm

    Property Features for 401 N Western Avenue

    General Information

    Standard status
    Active
    Size
    274,550 SF
    Lot size
    2.10 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1915

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    Listing Contact
    ADAM SCHNEIDERMAN
    ADAM SCHNEIDERMAN

    Listing agent ADAM SCHNEIDERMAN License #475149601

    Listing office STRAUSS REALTY LTD

    Listing date Nov 24, 2025

    Source Corcoran

    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 STRAUSS REALTY LTD

    HighLights

    • Expansive 274,550 SF complex on 1.803 acres with an additional 0.3‑acre surface lot.
    • Located in the rapidly expanding Kinzie Corridor with direct access to transportation and high visibility (34,400 vehicles per day on Western Ave).
    • Benefits from powerful redevelopment incentives including Enterprise Zone 4, Kinzie Industrial TIF District, and eligibility for Chicago PACE financing.
    • Features flexible layouts, rich industrial character (concrete and timber loft), and significant infrastructure including 14 truck‑level docks and heavy floor loads (up to 200 lbs per SF).
    • Offers a range of lease options from 7,000 SF to 151,800 SF, including warehouse and office space, with floors 2‑6 available as‑is at $5 PSF MG.
    • Two interconnected buildings with distinct features: the East Building with six stories and the West Building with 300 feet of frontage on N. Western Avenue.

    Overview

    The West Hub, located at 401-435 N. Western Ave, presents a redevelopment opportunity west of Ogden. This complex offers 274,550 SF of concrete and timber loft space across 1.803 acres, with an additional 0.3-acre surface lot. The property comprises two interconnected buildings with industrial character, flexible layouts, and infrastructure. Leasing options range from 7,000 SF to 151,800 SF. A first-floor 18,295 SF warehouse and 10,470 SF office space are available as-is for $8 PSF MG, while floors 2 through 6 are offered as-is at $5 PSF MG. Building features include a courtyard parking area, fourteen exterior truck-level docks, floor loads up to 200 lbs per SF, 10'-14' ceiling heights, three freight elevators, one passenger elevator, and full sprinkler coverage. Situated in the Kinzie Corridor, just outside Chicago's CBD, the property provides access to the Western Metra Station and five bus routes. It benefits from high visibility, with 34,400 vehicles per day on Western Ave and 18,400 on Grand Ave, plus exposure to approximately 89,500 daily Metra commuters. The East Building has six stories with approximately 14,360 SF floor plates along W. Hubbard Street. The West Building features 300 feet of frontage on N. Western Avenue and 250 feet of southern frontage along the elevated rail line, with floor plates around 32,500 SF. Located within Enterprise Zone 4 and the Kinzie Industrial TIF District, the site is eligible for Chicago PACE financing and supports industrial, office, and flex uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Builder's Cabinet General Contractor Jagoli Furniture & Home Goods Jobie store Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

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    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.686
    Latitude
    41.8891

    FAQs

    What type of property is this?
    Flex space - 274,550 SF complex in Kinzie Corridor for sale/lease.
    Where is this flex space located?
    The property is located at 401 N Western Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $14,000,000.
    What are key features of this property?
    This property features: Expansive 274,550 SF complex on 1.803 acres with an additional 0.3‑acre surface lot.; Located in the rapidly expanding Kinzie Corridor with direct access to transportation and high visibility (34,400 vehicles per day on Western Ave).; Benefits from powerful redevelopment incentives including Enterprise Zone 4, Kinzie Industrial TIF District, and eligibility for Chicago PACE financing.
    More about this property
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