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Development opportunity 3260 W Grand Ave 62,000 SF Industrial Building Chicago, IL 60651 $3,500,000 ($56.45/SF)
INVESTMENT HIGHLIGHTS
- The property offers great flexibility as an Adaptive Reuse/Redevelopment project
- Unique opportunity to purchase in the Humboldt Park neighborhood
- Location offers a variety of federal, state and city programs to building owners, including eligibility for Transit-Oriented Development
EXECUTIVE SUMMARY
3260 W. Grand Ave. offers a unique opportunity to purchase in the Humboldt Park neighborhood in Chicago. This 2-story building has 62,000 square feet, 31,000 square feet on both levels, made of masonry, timber and steel construction, with concrete and hard-wood flooring. There are two freight elevators, a 4,000 lb., and a 2,000 lb., which is for
material handling only. Currently zoned both RS-3 (north section) and C1-2 (south section), situated in a neighborhood with precedent for zoning change, this property offers great flexibility as an Adaptive Reuse/Redevelopment project. 3260 W. Grand Ave. is located in an area that offers a variety of federal, state and city programs to building owners, including eligibility for Transit-Oriented Development.
material handling only. Currently zoned both RS-3 (north section) and C1-2 (south section), situated in a neighborhood with precedent for zoning change, this property offers great flexibility as an Adaptive Reuse/Redevelopment project. 3260 W. Grand Ave. is located in an area that offers a variety of federal, state and city programs to building owners, including eligibility for Transit-Oriented Development.
PROPERTY FACTS
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 16-02-414-001-0000 | Improvements Assessment | $119,638 |
| Land Assessment | $19,884 | Total Assessment | $139,522 |
PROPERTY TAXES
Parcel Number
16-02-414-001-0000
Land Assessment
$19,884
Improvements Assessment
$119,638
Total Assessment
$139,522
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Development opportunity | 3260 W Grand Ave
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