2948 Grand Ave 35,233 SF Sports & Entertainment Building Offered For Sale in Chicago, IL 60622

Cushman and Wakefield presents for sale the fee simple interest in a 35,233 square foot building located at 2948-2952 West Grand Avenue, Chicago, IL [“the Property”]. First Ascent Climbing & Fitness recently extended its lease on 30,733 square feet for its third location in the market, following the investment of $1.1 Million towards base building improvements, interior work, and exterior renovations
by ownership.
The Property is currently 100% occupied and considered a state-of-the-art indoor climbing facility with enclosed parking.
The Property is well positioned at the northeast corner of Grand Avenue and Sacramento Boulevard, in the rapidly gentrifying Chicago neighborhood of West Ukrainian Village. The immediate area has seen a dramatic uptick in development and an increase in property values following the unveiling of “The 606” – a running and biking trail, linking West Ukrainian Village to nearby Logan Square, Bucktown, and Wicker Park neighborhoods. The prime urban location coupled with high-quality internet-resistant tenancy makes this asset a compelling opportunity for the investor seeking a stable rental income stream with value-add upside in an improving submarket.