2950 W Grand Ave
Chicago, IL 60622
Industrial Property For Sale

Cushman and Wakefield presents for sale the fee simple interest in a 35,325 square foot building located at 2950 West Grand Avenue, Chicago, IL [“the Property”]. First Ascent Climbing & Fitness recently executed a new ten-year 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 87% occupied and considered a state of the art indoor climbing facility with enclosed parking. The remaining 4,592 square feet is attributable to a vacant office suite on the second level that is move-in ready, creating a unique opportunity for a value-add investor or potential owner occupant. The Property is well positioned at the northeast corner of Grand Avenue and Sacramento Boulevard, in the rapidly gentrifying Chicago neighborhood of Humboldt Park. The immediate area has seen a dramatic uptick in development and increase in property values following the unveiling of “The 606” – a running and biking trail, linking Humboldt Park 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.