500,000 SF Multi-Tenant Industrial
For Lease
Contact for pricing
1500 S Western Ave, Chicago, IL 60608
Multi-tenant industrial building near Chicago's Loop with secure access.
Space Size2,918 SF - 7,442 SF
Property Size500,000 SF
Days on Market1024
Property Features for 1500 S Western Ave
General Information
Standard status
Active
Size
2,918 SF - 7,442 SF
Property subtype
Industrial, Office
Lease Type
Gross
Building Details
Building Size
500,000 SF
Tenancy
Multiple
Spaces For Lease
at 1500 S Western Ave Contact us- Type
- Industrial
- Lease Type
- Gross
- Availability
- Active
2AS1
- Size
- 7,442 SF
- Type
- Industrial
- Lease Type
- Gross
- Availability
- Active
4AS1
- Size
- 4,923 SF
- Type
- Industrial
- Lease Type
- Gross
- Availability
- Active
4BS2
- Size
- 2,918 SF
- Type
- Industrial, Office
- Lease Type
- Gross
- Availability
- Active
5CS3
Listing Agency:
Dearborn Asset Management Services Inc
Listed By:
Brian Corcoran · License #IL 471005655
Source:
Crexi
Added: Nov 13, 2023
Changed: Aug 14
Last Checked: Sep 1 at 3:38AM
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 Dearborn Asset Management Services Inc
Investment Insights
Based on property information with market context.
The Midland Building is a 500,000 sq.ft. multi-tenant industrial building. It is located minutes from Chicago's Loop and all major Chicagoland expressways, including I-90, I-94, I-290, I-55, I-294 and I-57. The building offers 24/7 secure access, indoor parking, and on-site management. The property is located at 1500 South on Western Avenue (2400 West), 3 blocks south of the intersection of Ogden and Western Avenues.
Key Highlights
- Minutes from Chicago's Loop
- Easy access to major expressways (I‑90, I‑94, I‑290, I‑55, I‑294, I‑57)
- 24/7 secure access
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,575
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$16.84 /SF/Yr
Avg Asking Price
$8–$32 /SF/Yr
Price Range
24,528 SF
Avg Space Size
This space is priced 58% below the average of $16.84 /SF/Yr.
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
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Similar Off Market Nearby
- Bires & Friedler Catering — 1938 W Division St, Chicago, IL 60622
- Daria's Catering — 2459 W Armitage Ave, Chicago, IL 60647
- Artisan Catering Inc — 2246 w armitage ave, chicago, il 60647
- Third Coast Chef — 1949 N Hoyne Ave, Chicago, IL 60647
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant industrial building near Chicago's Loop with secure access.
Where is this flex space located?
The property is located at 1500 S Western Ave Chicago, IL.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: Minutes from Chicago's Loop; Easy access to major expressways (I‑90, I‑94, I‑290, I‑55, I‑294, I‑57); 24/7 secure access
