456 N Leavitt St - Warehouse FOR SALE


Chicago, IL 60612- West Town
$1,300,000 USD
312-572-2268
456 N Leavitt St, Chicago, IL for Sale
$1,300,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

456 N Leavitt St
Chicago, IL 60612
West Town


HIGHLIGHTS

  • Rare adaptive re-use potential for residential on 2nd floor - permitted with Zoning Compliance Letter
  • Meticulously maintained: Exposed brick & timber aesthetic
  • New Windows 2023; Radiant Heat Floors; New Boiler
  • First Floor: 2,263 sf -Efficient single-bay warehouse - column free, clear-span
  • Second Floor: 2,063 sf - Creative live/work loft space – existing office space with Heat & A/C
  • Less than 10 Minute walk to Western Ave Metra Rail Stop; Steps to Leavitt / Grand Bus Routes

OVERVIEW

Baum Realty Group, LLC has been exclusively retained to market for sale 456 N. Leavitt Street (the "Property"), a rare live / work opportunity in PMD4A zoned Kinzie Corridor, one of Chicago's most dynamic commercial corridors. The Property comprises existing two-story masonry, hardwood, and concrete structures totaling approximately 4,326 square feet situated on a 2,263 square foot site situated just south of the highly active W. Grand Avenue corridor. This offering presents a compelling opportunity for investors and owner-users alike. The Property versatile configuration accommodates single tenant flex users seeking immediate occupancy, with up to 14’ clear heights, heavy power capability, and permitted live / work second floor loft space. Nestled in the heart of Kinzie Corridor, the Property benefits from exceptional transit connectivity – steps to Leavitt / Grand Bus Stops and less than a 10-minute walk to Western Avenue Metra Rail Stop with access to Milwaukee District North Line & West Line & North Central Service. The site also benefits from city, state, and federal incentive programs such as SBIF District and Enterprise Zone 4.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Showroom, Loft/Creative Space, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1889

UTILITIES

Lighting, Gas, Water, Sewer, Heating - Gas

CLEAR CEILING HT

13 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05

LAND SF

2,263

ZONING

PMD-4A

APN/PARCEL ID

17-07-129-016-0000

ASK ABOUT THIS PROPERTY

Zach PruittBaum Realty Group, LLCMore Info
312-572-2268

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Zach PruittBaum Realty Group, LLCMore Info
312-572-2268

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