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1540 S Ashland Ave 73,169 SF 100% Leased Industrial Building Chicago, IL 60608 For Sale
Investment Highlights
- Located 1 mile from I-290 and 1.5 miles from I-55, providing strong regional connectivity.
- Two available suites totaling 37,096 SF with flexible layouts and office build-outs.
- Professionally owned and managed property ensuring reliable maintenance and service.
- Three blocks from the Pink Line (18th Street Stop) for convenient public transit access.
- Excellent loading with multiple docks and drive-in doors for efficient operations.
- Parking ratio of 1 stall per 1,000 SF supports tenant and visitor needs.
Executive Summary
1540 South Ashland Avenue offers a rare opportunity to acquire a well-located industrial property in Chicago with flexible occupancy options. The building spans 73,169 SF and is professionally owned and managed, ensuring operational reliability. Positioned just 1 mile from I-290 (Ashland Exit) and 1.5 miles from I-55 (Damen Exit), the property provides exceptional regional connectivity for distribution and logistics users. Additionally, the site is only three blocks from the Pink Line (18th Street Stop), offering convenient public transit access for employees.
The property features multiple suites, including two currently available spaces totaling 37,096 SF, with clear heights of 16 feet and excellent loading capabilities. Suite 101 offers 25,216 SF with two docks and two drive-in doors, while Suite 103 provides 11,880 SF with two drive-in doors. Ample parking and a ratio of 1 stall per 1,000 SF further enhance functionality. This asset is well-suited for investors seeking a stabilized industrial property with strong leasing potential in a high-demand urban market.
The property features multiple suites, including two currently available spaces totaling 37,096 SF, with clear heights of 16 feet and excellent loading capabilities. Suite 101 offers 25,216 SF with two docks and two drive-in doors, while Suite 103 provides 11,880 SF with two drive-in doors. Ample parking and a ratio of 1 stall per 1,000 SF further enhance functionality. This asset is well-suited for investors seeking a stabilized industrial property with strong leasing potential in a high-demand urban market.
Property Facts
| Sale Type | Investment | Year Built/Renovated | 1969/2020 |
| Property Type | Industrial | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 6 |
| Lot Size | 2.17 AC | No. Drive In / Grade-Level Doors | 12 |
| Rentable Building Area | 73,169 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | PMD 7 | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.17 AC |
| Rentable Building Area | 73,169 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2020 |
| Parking Ratio | 0.96/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 12 |
| Opportunity Zone |
Yes |
| Zoning | PMD 7 |
Amenities
- Fenced Lot
- Signage
Utilities
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Variety of Different Sized Suites and Layouts for Lease.
Subject to offer.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 101 | 25,216 SF | Industrial | Full Build-Out | 30 Days |
| 1st Fl - 103 | 11,880 SF | Industrial | Full Build-Out | 30 Days |
1st Fl - 101
| Size |
| 25,216 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - 103
| Size |
| 11,880 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
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Map
1st Fl - 101
| Size | 25,216 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Variety of Different Sized Suites and Layouts for Lease.
1st Fl - 103
| Size | 11,880 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Subject to offer.
Moderately walkable
60/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $912,157 | |
| Land Assessment | $591,094 | Total Assessment | $1,503,251 |
Property Taxes
Parcel Numbers
Land Assessment
$591,094
Improvements Assessment
$912,157
Total Assessment
$1,503,251
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1540 S Ashland Ave
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