Property summary
This exceptional 30,000-square-foot mixed-use property at 1648 W. Kinzie Street in Chicago's Kinzie Corridor presents a unique redevelopment opportunity. The vacant, multi-tenant building, constructed in 1908, features two buildings with three stories each, offering 12' to 20' ceiling heights. The property sits on a 12,721-square-foot lot and boasts an additional 38,163 square feet of air rights, allowing for significant expansion potential. The first floor of the main building features concrete and steel construction with drive-in door access. The northern building offers expansive 8,589-square-foot floor plates showcasing exposed brick, concrete, and heavy timber, all accessible via a central elevator shaft. The property benefits from PMD 4A zoning, allowing for adaptive reuse and a variety of development options. Its prime location offers excellent visibility to Metra commuters (over 90,000 daily riders), proximity to major interstates (I-90/94 & I-290), and convenient access to public transportation, including the Green and Pink Line L stations and Metra service. The surrounding area is experiencing significant growth, with nearby attractions such as Brew Yards and Altitude Trampoline Park, and the presence of numerous healthcare institutions and thriving incubators like the ICNC's Make City Incubator and the Hatchery food incubator. This location offers easy access to the West Loop, Fulton Market, River West, Goose Island, and Wicker Park neighborhoods, making it an ideal location for a variety of businesses. The property is offered fee simple.
Property profile
VerifiedCap rate & NOI
Current use
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Recording Studio
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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