401 Leavitt St Chicago, IL 60612

This exceptional 39,300 square foot, two-story building at 401 N. Leavitt Street in Chicago's vibrant 60612 zip code presents a compelling redevelopment opportunity. Currently vacant, this Fee Simple property offers a unique blend of industrial and creative office space, classified as Class B. The building features a mix of adaptable spaces, including a 9,000 square foot barrel-truss building with soaring ceilings and ample natural light, a 10,800 square foot warehouse/production area with ceiling heights ranging from 9 to 15 feet, and a 7,200 square foot office area on the first floor. The second floor boasts 12,300 square feet of timber-infused lofted space with 13-15 foot ceilings and expansive city views. The property includes a significant 12,000 square foot surface parking lot, multiple loading docks (including a double-wide depressed dock and exterior trailer-high docks), and a freight elevator. The zoning is PMD 4A, allowing for a variety of uses including industrial, light manufacturing, warehouse, distribution, production, and contractor/service businesses. The layout allows for easy division into multiple income-generating spaces, making it ideal for owner-user scenarios or multi-tenant occupancy. The asking price is $3,300,000 ($83.97/SF). This property offers significant value-add potential due to its size, location, and adaptable spaces within a market with extremely limited comparable properties. The building's exposed brick and timber, along with its unique architectural features, are highly attractive to creative tenants. The three-tiered east-facing roofline presents opportunities for expansion or the creation of a roof deck.