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Property profile & analytics
FOR SALE
Flex space

401-407 N Leavitt St Chicago, IL 60612

39,300 SF
Property ID
US28-Q020311
Property summary
AI-generated overview

- 401 N Leavitt is an adaptive reuse & redevelopment opportunity of scale, size and style like no other in the neighborhood. - This 39,300 Sq. Ft., brick and timber building rests on a 39,000 Sq. Ft. corner lot with setbacks on three of the four sides of the property. - Extremely limited supply of adaptive reuse and redevelopment opportunities within the neighborhood, comparable to scale, style and size to that of 401 N Leavitt St - Cohesive plan for single-use or entire building for single or multi-tenant users - Exposed brick & timber, barrel truss, lofted ceilings appeal to the aesthetics and demand of creative, makers and innovator tenants - Centralized interior loading and two exterior loading docks provide ability to offer individualized or shared access to loading - 60 enclosed glass-block window frames provide opportunity to flood the building with natural light, and 360º of views from the 2nd floor - Three tiers of east facing, level roof line offer roof deck or increased footprint capabilities. - 11,861 SF of surface lot area provides ample parking capabilities as demand within neighborhood is rapidly increasing

Property profile
Verified
Property type Flex space
Total area 39,300 SF
UPID US28-Q020311
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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