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1410-1440 N Kingsbury St
Chicago, IL 60642
Industrial Property For Sale
EXECUTIVE SUMMARY
CBRE is proud to offer a rare and high profile Lincoln Park development opportunity. The Iconic Carbit Paint Company has relocated operations to Melrose Park and for the first time in almost 70 years, their former home is now available for redevelopment. This massive two acre development site is located in the highly sought after Lincoln Park / Clybourn Corridor neighborhood. This very rare infill development opportunity has over 400' of river frontage and high barriers to entry. The current C3-5 zoning is for commercial use only and will require a planned development (PD) to amend the zoning to allow for residentail use like all the nearby residential towers.
This neighborhood is extremely dense and affluent. There are 288,316 residents in a 2-mile radius with an average household income of $183,155. The subject property is located only a few minutes walk from the North/Clybourn station (CTA Redline) and many commercial and retail entities including REI, Whole Foods, Starbucks, Crate and Barrel, and Nordstrom Rack.
This neighborhood is extremely dense and affluent. There are 288,316 residents in a 2-mile radius with an average household income of $183,155. The subject property is located only a few minutes walk from the North/Clybourn station (CTA Redline) and many commercial and retail entities including REI, Whole Foods, Starbucks, Crate and Barrel, and Nordstrom Rack.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Rentable Building Area | 70,000 SF |
| Sale Condition | Redevelopment Project | No. Stories | 4 |
| Property Type | Industrial | Year Built | 1950 |
| Property Subtype | Manufacturing | Parking Ratio | 1.43/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 1.96 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | C3-5 - Commercial, Manufacturing and Employment District | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.96 AC |
| Rentable Building Area | 70,000 SF |
| No. Stories | 4 |
| Year Built | 1950 |
| Parking Ratio | 1.43/1,000 SF |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | C3-5 - Commercial, Manufacturing and Employment District |
AMENITIES
- Waterfront
PROPERTY TAXES
| Parcel Number | 17-05-216-001-0000 | Improvements Assessment | $88 |
| Land Assessment | $1,055,906 | Total Assessment | $1,055,994 |
PROPERTY TAXES
Parcel Number
17-05-216-001-0000
Land Assessment
$1,055,906
Improvements Assessment
$88
Total Assessment
$1,055,994
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