401 Leavitt St Chicago, IL 60612-1617
Property profile & analytics
401 Leavitt St Chicago, IL 60612-1617
- Industrial properties
- 36,800 SF
- 0.41 lot acres
Property ID
US28-0810493
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Alex Displays / Production Facility
Property Details for 401 Leavitt St
- Year built
- 1947
- Lot size
- 0.41 lot acres
- Property size
- 36,800 SF
- Property type
- Industrial properties
- APN
- 17-07-135-020
- APU
- 1707135020
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6814
- Latitude
- 41.8889
- 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
$15,614
$45,000
$30,653
$75,653
-
$180,000
$122,612
$302,612
