1438-1440 W Lake St - Warehouse FOR SALE


Chicago, IL 60607- West Loop
$1,680,000 USD
216-292-7006
1438-1440 W Lake St, Chicago, IL for Sale
$1,680,000 USD
Warehouse - FOR SALE
1/6
null | 6.25% Cap Rate

1438-1440 W Lake St
Chicago, IL 60607
West Loop


HIGHLIGHTS

  • Tenant Recently Exercised a 7-Year Lease Renewal, Showing Commitment to the Site
  • 3% Annual Rental Increases with One, 5-Year Renewal Option Remaining
  • Tenant Has Operated at the Site for 13+ Years (Since 2013)
  • Flex Warehouse/Office Space in the Heart of Downtown Chicago
  • ABM (NYSE: ABM) is a Leading Fortune 500 Facility Solutions Provider - the Company Reported Record 2025 Revenue of $8.7 Billion
  • Daytime Population of 125,592 People and Average Household Income of $163,000 within a 1-Mile Radius

OVERVIEW

ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. ABM’s 100,000+ team members deliver essential services that make spaces cleaner, safer, and more efficient, enhancing the overall occupant experience. ABM’s supports 19 diverse industries, serving six billion square feet of space every day. Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan and expands over a 5,000-square-mile region in northeastern Illinois, extending into Wisconsin and Indiana. The metro houses 9.4 million people and comprises 14 counties. Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ABM Industries (NYSE: ABM) - 7 Yr Extension

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

UTILITIES

Heating

CLEAR CEILING HT

11.833333333333334 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14

LAND SF

6,268

ZONING

PMD 4B

APN/PARCEL ID

17-08-317-009-0000

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

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