1237 W Division
Chicago, IL 60642
Industrial Property For Sale

1237 W. Division Street presents a rare opportunity to acquire the Midwest’s first multi-story logistics facility, strategically positioned in the heart of Chicago with immediate access to I-90/94. This trophy asset spans 571,423 square feet across two warehouse levels, each offering 34’+ clear heights, 28 dock doors, and expansive 135-foot truck courts. Designed for full fleet flexibility, the property features separate truck and passenger vehicle entrances, a discrete second-floor truck down-ramp, and 10,000 amps of power.
What sets this facility apart is its unparalleled parking capacity—1,590 auto stalls or 763 van stalls—delivered via a 292,500 SF rooftop deck and a five-story, 153,854 SF parking structure. These features support high-volume logistics operations and offer potential for leasing excess parking to autonomous vehicle operators. The building also includes mezzanine levels with additional parking and loading capabilities, covered truck courts to reduce operational costs, and ESFR sprinklers throughout.
Located within a 5-minute drive of the Chicago Loop and 15 minutes from both O’Hare and Midway airports, the property sits in a submarket with the highest asking rents in the region and no new supply under construction. It benefits from multiple tax incentives, including sales tax abatements, investment tax credits, and utility tax exemptions through its Enterprise Zone designation. With 87 million people living within 500 miles and a surrounding population of over 1 million within a 5-mile radius, this facility is ideally positioned for last-mile delivery and national distribution.