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313 W Chestnut St 13,750 SF Industrial Building Chicago, IL 60610 $2,695,000 ($196/SF)
INVESTMENT HIGHLIGHTS
- Zoned C1-3 Neighborhood Commercial District, which allows for a variety of uses
- Median household income of $116,000 (1-mile radius) exceeds state and Chicago median income levels
- Premier Urban Infill Location in River North/Old Town
- Dense, Affluent Downtown Chicago Demographics
- CTA Brown and Purple Line Station
- ±0.4 miles from $1.7 billion Bally's casino development (Chicago & Halsted)
EXECUTIVE SUMMARY
The subject property is located at 313 West Chestnut Street, Chicago, IL 60610 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this flex industrial building - re-development opportunity. This is an urban industrial building located in Chicago’s dense River North/Oldtown neighborhood. Featuring a 2-story building, ±13,750 SF GLA, and ±5,660 SF site. The subject property is zoned M1-3, 1000 to 1500 volts of power, 20' ceiling-first floor, rubber roof, two internal parking spaces, and is situated in a mixed commercial and residential city setting.
313 West Chestnut Street is situated between Chicago's vibrant Old Town neighborhood and River North Gallery District and is adjacent to the new North Union mega-development by JDL Development. When completed, the North Union Development will span 8.2 acres and consist of 2.9 million square feet of new construction, 2,656 new residential units, and 2.5 acres of public open space (MBRE). The property presents the unique opportunity to acquire a stand-alone industrial building in the River North/Old Town neighborhood.
313 West Chestnut Street is situated between Chicago's vibrant Old Town neighborhood and River North Gallery District and is adjacent to the new North Union mega-development by JDL Development. When completed, the North Union Development will span 8.2 acres and consist of 2.9 million square feet of new construction, 2,656 new residential units, and 2.5 acres of public open space (MBRE). The property presents the unique opportunity to acquire a stand-alone industrial building in the River North/Old Town neighborhood.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$48,249
|
$3.51
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,249
|
$3.51
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Taxes | |
|---|---|
| Annual | $48,249 |
| Annual Per SF | $3.51 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,249 |
| Annual Per SF | $3.51 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (92)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 17-04-443-022-0000 | Total Assessment | $329,500 (2024) |
| Land Assessment | $175,906 (2024) | Annual Taxes | $48,249 ($3.51/SF) |
| Improvements Assessment | $153,594 (2024) | Tax Year | 2022 Payable 2022 |
PROPERTY TAXES
Parcel Number
17-04-443-022-0000
Land Assessment
$175,906 (2024)
Improvements Assessment
$153,594 (2024)
Total Assessment
$329,500 (2024)
Annual Taxes
$48,249 ($3.51/SF)
Tax Year
2022 Payable 2022
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313 W Chestnut St
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