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328 N Albany Ave 38,217 SF 100% Leased Industrial Building Chicago, IL 60612 For Sale
Investment Highlights
- Exposed brick, heavy timber aesthetic
- Electrical: Separately metered units with access to 1,600 amps of power
- Excellent natural light exposure
- Creative flex / industrial / office space with access to interior recessed loading bay and 4,000 lb freight elevator
- Roof Access: Opening to roof deck potential
- Restrooms: Separate men’s and women’s facilities
Executive Summary
Baum Realty Group, LLC is pleased to offer the opportunity to acquire the fee simple interest in 328 N. Albany Avenue (“Property” or “Site”), an existing three-story, brick & timber, building with 38,217 rentable square-feet above grade, and an additional 19,000 square-feet below grade, resting on a 19,900 square-feet site, sold AS-IS, WHERE-IS.
328 N. Albany Avenue is a creative flex-office building meticulously renovated in 2019/2020 located in Chicago’s West Kinzie Corridor, approximately 88% leased to long-term tenants ranging from 1,000 - 8,200 SF.
328 N. Albany Avenue is a creative flex-office building meticulously renovated in 2019/2020 located in Chicago’s West Kinzie Corridor, approximately 88% leased to long-term tenants ranging from 1,000 - 8,200 SF.
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 38,217 SF |
| Property Type | Industrial | No. Stories | 2 |
| Property Subtype | Warehouse | Year Built | 1910 |
| Building Class | C | Clear Ceiling Height | 14’ |
| Lot Size | 0.46 AC | No. Dock-High Doors/Loading | 3 |
| Zoning | M1-2, Chicago | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.46 AC |
| Rentable Building Area | 38,217 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 3 |
| Zoning | M1-2, Chicago |
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Walk Score®
Very Walkable (70)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (97)
Property Taxes
| Parcel Number | 16-12-303-032-0000 | Improvements Assessment | $243,813 |
| Land Assessment | $62,188 | Total Assessment | $306,001 |
Property Taxes
Parcel Number
16-12-303-032-0000
Land Assessment
$62,188
Improvements Assessment
$243,813
Total Assessment
$306,001
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328 N Albany Ave
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