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401 N Western Ave Chicago, IL 60612

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For Sale
$14,000,000

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

Property Features for 401 N Western Ave

General Information

Standard status
Active

Building Details

Year built
1915

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Listing Contact
Adam Schneiderman
Adam Schneiderman
Source: Corcoran

Listing Agency: STRAUSS REALTY LTD Listing Agent: Adam Schneiderman

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

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Overview

Expansive West Hub Redevelopment Opportunity

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.
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 Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

Similar Places Nearby

Katr2U, Neal's Gourmet Catering, Mac Dynamite, Rowan Catering, The Flora Fare

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6860022
Latitude
41.8890561

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 Ave 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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