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2310-2312 S Indiana Ave 7,400 SF Vacant Industrial Building Chicago, IL 60616 For Sale
Investment Highlights
- Potential for increased footprint with the conjunction of two adjacent public alleys and additional assemblage opportunities.
- Rare Chicago Qualified Opportunity Zone Infill Offering.
- Built-In Financial Incentives: Historic District, TIF, Transit-Oriented Development, Additional Private Capital Sources.
Executive Summary
+ Total Land Size: ± 8,250 Sq.Ft.
+ Total Building Size: ± 7,400 Sq.Ft.
+ Typical Floor Plate: ± 3,700 Sq.Ft.
+ Total Number of Floors: Two (2) Stories Above Grade & Partial Basement Below Grade
+ Ceiling Heights: Approx. 10' - 20'
+ Column Spacing: N/A
+ Loading Access: N/A
+ Stairwells: One (1) Interior, Open
+ Elevators - Passenger | Freight: N/A
+ Property Taxes (2020): $19,517.70 | $2.64 per Sq.Ft.
+ Property Tax Classification: 2310 S Indiana Ave, 5.80 Class 5B Industrial Minor Improvements ; 2312 S Indiana Ave 2.12 Class 2 - Residential Mixed-Use Commercial / Residential + Tax Level of Assessment: 2310 S Indiana Ave - 25% 2312 S Indiana Ave - 10%
+ Landmark Designation: Motor Row Historic District
+ Landmarket Status: Building Not Landmarked
+ Total Building Size: ± 7,400 Sq.Ft.
+ Typical Floor Plate: ± 3,700 Sq.Ft.
+ Total Number of Floors: Two (2) Stories Above Grade & Partial Basement Below Grade
+ Ceiling Heights: Approx. 10' - 20'
+ Column Spacing: N/A
+ Loading Access: N/A
+ Stairwells: One (1) Interior, Open
+ Elevators - Passenger | Freight: N/A
+ Property Taxes (2020): $19,517.70 | $2.64 per Sq.Ft.
+ Property Tax Classification: 2310 S Indiana Ave, 5.80 Class 5B Industrial Minor Improvements ; 2312 S Indiana Ave 2.12 Class 2 - Residential Mixed-Use Commercial / Residential + Tax Level of Assessment: 2310 S Indiana Ave - 25% 2312 S Indiana Ave - 10%
+ Landmark Designation: Motor Row Historic District
+ Landmarket Status: Building Not Landmarked
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1973 |
| Building Class | C | Parking Ratio | 0.41/1,000 SF |
| Lot Size | 1.30 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 7,400 SF | ||
| Zoning | DS-5 - DS-5 zoning designates areas for downtown service districts tailored to accommodate a mix of commercial, office, and limited residential uses. | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.30 AC |
| Rentable Building Area | 7,400 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.41/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | DS-5 - DS-5 zoning designates areas for downtown service districts tailored to accommodate a mix of commercial, office, and limited residential uses. |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 17-27-110-017-0000 | Improvements Assessment | $64,314 |
| Land Assessment | $21,686 | Total Assessment | $86,000 |
Property Taxes
Parcel Number
17-27-110-017-0000
Land Assessment
$21,686
Improvements Assessment
$64,314
Total Assessment
$86,000
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2310-2312 S Indiana Ave
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