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201 N Elizabeth St
Chicago, IL 60607
Industrial Property For Sale
Investment Highlights
- Freestanding industrial building with ±13,996 SF, divisible to ±6,000 SF.
- Several cooler and freezer rooms in place, suitable for cold storage operations.
- Located in Chicago’s West Loop near major redevelopment projects and CTA transit.
- Four exterior docks and a 97-foot loading platform for efficient logistics.
- High-end video security and alarm system installed throughout the property.
- Easy access to I-94 and proximity to major corporate and retail destinations.
Executive Summary
FOR SALE OR LEASE. Apartments, Hotel, Restaurant, Pickleball. Retail users are very interested in this location as well.
This freestanding industrial property at 201 N. Elizabeth Street offers a rare opportunity for investors and developers in Chicago’s dynamic West Loop corridor. Situated on a ±0.55-acre site, the building spans approximately 13,996 square feet and is zoned M2-3, allowing for a range of industrial and redevelopment uses. The property’s location within a rapidly transforming neighborhood positions it for significant long-term value appreciation, with multiple high-rise residential and mixed-use projects underway nearby.
The site features four exterior docks, a 97-foot loading platform, and several cooler/freezer rooms, making it suitable for cold storage or food-related operations. High-end video security and alarm systems are in place, enhancing operational security. With proximity to major thoroughfares, including I-94, and easy access to CTA stations at Ashland and Morgan, the property offers excellent connectivity for logistics and workforce accessibility. This asset represents a compelling acquisition for those seeking to capitalize on Chicago’s continued urban growth and redevelopment momentum.
This freestanding industrial property at 201 N. Elizabeth Street offers a rare opportunity for investors and developers in Chicago’s dynamic West Loop corridor. Situated on a ±0.55-acre site, the building spans approximately 13,996 square feet and is zoned M2-3, allowing for a range of industrial and redevelopment uses. The property’s location within a rapidly transforming neighborhood positions it for significant long-term value appreciation, with multiple high-rise residential and mixed-use projects underway nearby.
The site features four exterior docks, a 97-foot loading platform, and several cooler/freezer rooms, making it suitable for cold storage or food-related operations. High-end video security and alarm systems are in place, enhancing operational security. With proximity to major thoroughfares, including I-94, and easy access to CTA stations at Ashland and Morgan, the property offers excellent connectivity for logistics and workforce accessibility. This asset represents a compelling acquisition for those seeking to capitalize on Chicago’s continued urban growth and redevelopment momentum.
Property Facts
| Sale Type | Investment or Owner User | Year Built | 1989 |
| Property Type | Industrial | Parking Ratio | 3.91/1,000 SF |
| Building Class | B | Clear Ceiling Height | 21’ |
| Lot Size | 0.55 AC | No. Dock-High Doors/Loading | 4 |
| Rentable Building Area | 13,996 SF | Cross Streets | W Lake St. |
| No. Stories | 1 | ||
| Zoning | M2-3 - Proposed Uses include Apartments, Hotel, Restaurant, Pickle Ball, Warehouse, Medical This property received a special use for pickleball previously. | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 0.55 AC |
| Rentable Building Area | 13,996 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 3.91/1,000 SF |
| Clear Ceiling Height | 21’ |
| No. Dock-High Doors/Loading | 4 |
| Cross Streets | W Lake St. |
| Zoning | M2-3 - Proposed Uses include Apartments, Hotel, Restaurant, Pickle Ball, Warehouse, Medical This property received a special use for pickleball previously. |
Amenities
- Security System
- Signage
Property Taxes
| Parcel Number | 17-08-320-026-0000 | Improvements Assessment | $25 |
| Land Assessment | $283,636 | Total Assessment | $283,661 |
Property Taxes
Parcel Number
17-08-320-026-0000
Land Assessment
$283,636
Improvements Assessment
$25
Total Assessment
$283,661
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