Residential Redevelopment (4 City Lots Totaling 11,931 SF) with Multi- Story Residential adjacent & Across street
Ideal for Apartments, Condos, retail or industrial uses
Located in Chicago’s thriving West Lakeview neighborhood, this 13,059 SF industrial/flex building sits on four city lots totaling 11,931 SF (0.27 acres) at the corner of Leavitt St, Wellington Ave, and Clybourn Ave. The M1-2 zoning allows for low-impact manufacturing, warehousing, and business park uses, while the surrounding multi-story residential developments make it an ideal redevelopment opportunity for multi-family housing. The property features 14’ clear warehouse height, a 12’ x 12’ overhead door, 1,800 amps of 240V 3-phase power, and LED lighting throughout the first floor, with fully air-conditioned space and approximately 15% office, including second-floor offices. Additional highlights include 12-car parking and a prime location in one of Chicago’s most desirable areas. With 2023 real estate taxes at $36,618.12 ($2.80 per SF), this property presents a unique opportunity for investors, developers, or owner-users looking to capitalize on West Lakeview’s strong demand for both industrial and residential space.
• Ideal User Investor warehouse Opportunity OR Residential Redevelopment (4 City Lots Totaling 11,931 SF) with Multi- Story Residential adjacent & Across street
• 13,059 SF industrial/flex building w/ Approximately 15% office including second floor office space (Former Ultra Metric Tool Plant)
• 11,931 SF (0.27 acre) land site
• 4 city lots totaling 95.45’ x 125’
• Located at the corner of Leavitt St, Wellington Ave & Clybourn Ave.
• In Chicago’s Thriving West Lakeview Neighborhood
• Building is 100% AC
• LED lighting throughout first floor
• 1,800 amps 240 volt 3-phase power
• 12 car parking
• 12’ x 12’ overhead door
• 14’ clear in warehouse
• 2023 real estate taxes payable in 2024: $36,618.12 ($2.80 per SF)