417 N Ashland Ave - Warehouse FOR SALE


Chicago, IL 60622- West Loop
$4,495,000 USD
312-334-7242
417 N Ashland Ave, Chicago, IL for Sale
$4,495,000 USD
Warehouse - FOR SALE
1/23
null | Request Cap Rate

NEW


417 N Ashland Ave
Chicago, IL 60622
West Loop


HIGHLIGHTS

  • Prime Corner Location on the Border Between West Loop and West Town – Near Proposed Metra Station & The 1901 Project (United Center Development)
  • Turnkey Brewery & Food Hall – Perfect for an owner/user to kickstart the next phase of their food & beverage empire by expanding to West Town, an area
  • Vibrant Neighbored Feel – Property borders two high growth submarkets between West Loop and West Town, comprised of young professionals with a Median
  • Updated Mechanical Systems – All major mechanical systems are less than 7 years old including, HVAC, electrical panels, duct work, lighting, electric
  • Potential Covered Land Play – The Property boasts a large land footprint for future redevelopment of scale. It is currently zoned in the PMD; however
  • Transit Oriented Location – The Property sits at Ashland & Hubbard, a 7-minute drive to I-290 and a 7-minute walk to the CTA Green & Pink Lines.

OVERVIEW

CBRE, as exclusive agent, is pleased to present an opportunity to lease or acquire fee simple interest in 417 North Ashland Avenue (“the Property”) in the West Town neighborhood of Chicago, Illinois. Built as a brewery and food hall, the Property is 17,290 SF of industrial/warehouse space, split by the brewery and the seating area for patrons. With an outdoor patio, the Property is well-suited for gatherings and events. Located near the intersection of Ashland Avenue and Hubbard Street, the Property sits at the western edge of Fulton Market. Surrounded by a dense residential area and other industrial commercial spaces, the Property serves a deep need for food & beverage in the area. In a city famous for craft brewing, the Property is a great opportunity for an investor to hit start on a new or successful concept or to lease the building to a promising, established tenant.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

District Brew Yards Chicago

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.39

LAND SF

16,988

ZONING

PMD4, Chicago

APN/PARCEL ID

17-08-135-004-0000

ASK ABOUT THIS PROPERTY

312-334-7242

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312-334-7242

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