312-339-2220
1540 S Ashland Ave, Chicago, IL for Sale
Warehouse - FOR SALE
1/10
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1540 S Ashland Ave
Chicago, IL 60608
Illinois Medical District


HIGHLIGHTS

  • Located 1 mile from I-290 and 1.5 miles from I-55, providing strong regional connectivity.
  • Three blocks from the Pink Line (18th Street Stop) for convenient public transit access.
  • Two available suites totaling 37,096 SF with flexible layouts and office build-outs.
  • Excellent loading with multiple docks and drive-in doors for efficient operations.
  • Professionally owned and managed property ensuring reliable maintenance and service.
  • Parking ratio of 1 stall per 1,000 SF supports tenant and visitor needs.

OVERVIEW

1540 South Ashland Avenue offers a rare opportunity to acquire a well-located industrial property in Chicago with flexible occupancy options. The building spans 73,169 SF and is professionally owned and managed, ensuring operational reliability. Positioned just 1 mile from I-290 (Ashland Exit) and 1.5 miles from I-55 (Damen Exit), the property provides exceptional regional connectivity for distribution and logistics users. Additionally, the site is only three blocks from the Pink Line (18th Street Stop), offering convenient public transit access for employees. The property features multiple suites, including two currently available spaces totaling 37,096 SF, with clear heights of 16 feet and excellent loading capabilities. Suite 101 offers 25,216 SF with two docks and two drive-in doors, while Suite 103 provides 11,880 SF with two drive-in doors. Ample parking and a ratio of 1 stall per 1,000 SF further enhance functionality. This asset is well-suited for investors seeking a stabilized industrial property with strong leasing potential in a high-demand urban market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

6

DRIVE INS

12

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.17

LAND SF

94,525

ZONING

PMD 7

APN/PARCEL ID

17-19-223-017-0000,17-19-223-018-0000

ASK ABOUT THIS PROPERTY

Steve AaronsonCushman & WakefieldMore Info
312-339-2220

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Steve AaronsonCushman & WakefieldMore Info
312-339-2220

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