2501 Washington BlvdChicago, IL 60612

  • Industrial properties
  • 53,900 SF
For Lease
$16/SF/YR View listing

Property Details for 2501 Washington Blvd

Year built
1917
Lot size
0.48 AC
Property size (Sq ft)
53,900 SF
Property type
Industrial properties
Property subtype
Other industrial properties
APN
16-12-423-023
APU
1612423023

Description

This exceptional Chicago industrial property, located at 2501 W Washington Blvd, offers a unique blend of historic charm and modern functionality. Built in 1930 and extensively renovated in 2015, this single, five-story building boasts 67,417 square feet of versatile warehouse and flex space. Multiple tenancy options are available, with units ranging from a minimum of 2,000 square feet to a maximum contiguous space of 6,011 square feet. The property features attractive 12-foot ceilings, concrete floors and walls, and abundant natural light thanks to insulated glass windows. Convenient loading docks are present, along with both freight and passenger elevators for efficient material handling and accessibility. Ample parking is provided, with one parking space included per 1,000 square feet leased, with the option to lease additional spaces. The building offers 24-hour access via a fob entry system, enhancing security and convenience. Each unit includes a practical kitchenette equipped with a sink, refrigerator, and dishwasher. The property is zoned M1-1 and has a low tax rate of $2.83 per square foot. This prime location in Chicago's vibrant 60612 zip code offers unparalleled access to transportation and city amenities. Don't miss this opportunity to secure your ideal industrial space in a highly sought-after area. Contact us today to schedule a viewing.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,826,940
    Hospitality
    $18,161,370
    Educational
    $15,110,047
    Medical
    $15,629,705
    Retail
    $23,504,518
2501 Washington Blvd, Chicago, Illinois
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Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8827
Longitude
-87.689
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$175,618
$51,880
$799,047
$850,927
-
$207,520
$3,196,188
$3,403,708

FAQs

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