401-407 N Leavitt St Chicago, IL 60612
For Sale
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- 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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.