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242 N Western Ave 7,000 SF 100% Leased Industrial Building Chicago, IL 60612 $2,199,000 ($314.14/SF)
Investment Highlights
- High R-value spray foam insulation thru-out, EV charging station, & parking lot with snow-melt lines in place
- Zoned PMD4. This property has been superbly maintained and is ready for a variety of business types!
- Benefits from its proximity to the bustling business community in the West Loop
- Full heat and AC thru-out.
- Situated in the heart of a dynamic manufacturing hub, the area boasts convenient access to major transportation routes, including interstates and rail
Executive Summary
8700SF flex use warehouse/office with luxe second floor workspace! Hi traffic exposure on Western Ave! Main floor features 17ft ceilings with a largelyopen span warehouse, two loading docks (13'6" & 10'6"), large private office, open workstations, kitchenette, storage rooms, and two baths. Second floor features luxe open workspace with polished concrete floors, custom bar and kitchen, a full bath with shower, and large storage room. High R-value spray foam insulation thru-out, EV charging station, & parking lot with snow-melt lines in place. Plenty of power with 480a/3-phase + additional 220amp service. Full heat and AC thru-out. Warehouse is 6400SF. Zoned PMD4. This property has been superbly maintained and is ready for a variety of business types!
Property Facts
| Price | $2,199,000 | Lot Size | 0.18 AC |
| Price Per SF | $314.14 | Rentable Building Area | 7,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1969 |
| Property Subtype | Warehouse | Clear Ceiling Height | 17’ |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Zoning | PMD | ||
| Price | $2,199,000 |
| Price Per SF | $314.14 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.18 AC |
| Rentable Building Area | 7,000 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Clear Ceiling Height | 17’ |
| No. Dock-High Doors/Loading | 1 |
| Zoning | PMD |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 16-12-414-087-0000 | Improvements Assessment | $69,975 |
| Land Assessment | $24,525 | Total Assessment | $94,500 |
Property Taxes
Parcel Number
16-12-414-087-0000
Land Assessment
$24,525
Improvements Assessment
$69,975
Total Assessment
$94,500
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242 N Western Ave
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