213-613-3223
1230-1242 W Washington Blvd, Chicago, IL for Sale
Self-Storage Facilities - FOR SALE
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1230-1242 W Washington Blvd
Chicago, IL 60607
Fulton Market


HIGHLIGHTS

  • Historically High Occupancy: 94.0% (As of 4/30/2025)
  • Two weather-protected drive-in bays, accommodating six vehicles in one and a single vehicle in the other
  • Densely Populated: With 479,051 People in a 3-Mile Radius. Average Household Income of $165,787 in a 3-Mile Radius
  • Current Market Rates Above $2.85/SF
  • High Barrier to Entry Market: Per Capita of 5.2 in a 3 & 5-Mile Radius
  • Rare Opportunity: Acquire one of the only two facilities in the West Loop not owned by a REIT

OVERVIEW

View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/extra-space-storage-chicago/ CBRE’s Self Storage Advisory Group has been retained as the exclusive advisor for the listing of Extra Space Storage - Chicago, which consists of 671 units distributed across 45,853 net rentable square feet of interior climate controlled storage space. The facility offers a variety of valuable amenities including extended access hours, sturdy moving carts for heavy items, convenient loading dock, covered & heated loading bay, Sunday gate access, package acceptance and an on-site office. The property is located in Chicago’s West Loop, a vibrant neighborhood just west of the city’s bustling downtown, within one of America’s economic powerhouses. Chicago boasts a diverse economy, with key drivers including finance, manufacturing, transportation, and technology, supported by its status as a global transportation hub with O’Hare International Airport and extensive rail networks. The city is home to prestigious universities like the University of Chicago, Northwestern University, and DePaul University, contributing to a student population of over 150,000 across the metro area, fueling innovation and a skilled workforce. The West Loop itself is undergoing a transformation, with major developments like the $7 billion Lincoln Yards project and the 78, a 62-acre mixed-use site, expected to create thousands of jobs—Lincoln Yards alone anticipates 20,000 new positions—and attract billions in investment, cementing the area’s appeal for real estate, tech, and commercial growth.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Extra Space Storage Chicago

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

17-08-330-018-0000,17-08-330-019-0000,17-08-330-020-0000,17-08-330-021-0000

ASK ABOUT THIS PROPERTY

Nicholas WalkerCBRE, Inc.More Info
213-613-3223

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Nicholas WalkerCBRE, Inc.More Info
213-613-3223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.